JAKARTA (Yosefardi) – PT XL Axiata Tbk (EXCL) plans to add bank loan by Rp3 trillion in third quarter of this year, sourced from PT Bank Mandiri Tbk (BMRI) and Standard Chartered Bank (Standchart).
As of June 2013, XL’s debt totaled Rp17.1 trillion while its internal cash reached Rp1.9 trillion. The its net debt amounted Rp15.2 trillion. The new loan from Bank Mandiri and Standchart will be used to fund the expansion of base transceiver station (BTS).
As of June 2013, XL’s BTS totaled 41,293 units. XL also intends to acquire PT Axis Telekom Indonesia.