Indonesia: XL Axiata, Indosat fix capex at $516m each for 2017

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.