Indosat might be acquired by XL Axiata (Indonesia)
www.WirelessFederation.com/news: Indonesia’s second largest mobile operator, Indosat might be acquired by XL Axiata by the end of 2010. Strong subscriber and revenue growth has been aimed by XL Axiata this year and it has also been confirmed by the company that dividend payments were likely to resume this year following a return to profit in 2009.
86.5% of XL Axiata is owned by Malaysia’s Axiata Group and 13.3% is owned by Etisalat of the UAE while the remaining 0.2% is publicly held.
21% growth in XL Axiata’s customer base
www.WirelessFederation.com/news: The customer base of Indonesian mobile operator XL Axiata grew by 21 percent to 31.4 million during 2009. With an increase of 49 percent, the revenue generating base (RGB) went up to 31.1 million.
14 percent was recorded in revenues and EBITDA went up 19-20 percent year-on-year. USD 400 to 450 million is the expected Capex for this year.
