XL AIMS TO ATTRACT 4 MILLION NEW SUBSCRIBERS THIS YEAR

Jakarta, Jan 15 (ANTARA) - Publicly-listed cellular phone operator PT XL Axiata Tbk (XL) is set to attract 3-4 million subscribers this year.

"With the addition of new subscribers, the number of subscribers at the end of this year will reach 34.4 million to 35.4 million," XL Axiata President Director Hasnul said on Thursday.

The number of XL Axiata subscribers in 2009 grew 21 percent compared to the year before, he said.

XLO Axiata has decided to allocate US$400 million to US$500 million for capital expenditure this year. The fund will be used to finance its business expansion including the construction of 1,500-2,000 new base transceiver stations (BTS).

XL Axiata earned Rp13.8 trillion in income last year, up 14 percent from a year earlier.

"The income growth exceeds the average national growth of 10 percent ," he said.