Two of Indonesia’s largest telecom operators, PT Indosat Tbk (ISAT) and PT XL Axiata Tbk (EXCL), have set their capital expenditure target at Rp 7 trillion ($516 million) each for the next year. About 70 per cent of Indosat’s capex will be used to expand data services, while the majority of XL’s will be allocated to amplify the company’s 4G network coverage and e-commerce business.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
