JAKARTA (Yosefardi) – PT XL Axiata Tbk (EXCL) had on Monday (August 26) signed loan facility agreement amounting US$100 million with Bank of Tokyo Mitsubishi.
The loan with tenor of 3 years will be used for XL’s capital expenditure (capex).
XL recorded a revenue growth of 1% year-on-year to Rp10.3 trillion in first half of this year, driven by strong data traction with data revenue growth of 13% and non-voice now contributing 53% of total usage revenue.
In expanding data infrastructure, XL has invested Rp4 trillion in first half of this year. Its total debt increased to Rp17.1 trillion from Rp12.7 trillion a year ago. (yohanneso@yosefardi.biz)