xl axiata tbk pt (EXCL) Snapshot

PT XL Axiata Tbk Presents at Merrill Lynch & Co., Inc.'s 2013 CalGEMs One-on-One Conference, Jun-11-2013 . Venue: The Ritz-Carlton Laguna Nigel, One Ritz-Carlton Drive, Laguna Niguel, California, United States.

Axiata Group Berhad (KLSE:AXIATA), parent of PT XL Axiata Tbk (JKSE:EXCL) is seeking to acquire PT AXIS Telekom Indonesia from Saudi Telecom Company (SASE:7010), Bisnis Indonesia reported. PT Axis Telekom is worth up to $1 billion, Bisnis Indonesia added. XL Axiata's share fell 2.88% stake in IDR 5.

PT XL Axiata Tbk announced earnings results for the first quarter of fiscal 2013. For the quarter, the company announced as such, compared to the corresponding period a year ago, first quarter this year saw the company achieved year-on-year revenue growth of 2%, which was driven mainly by growth in Data services. EBITDA decreased by 15% year-on-year to IDR 2 trillion in the first quarter. This was partly due to the introduction of SMS interconnect and also reflects the changes in the company’s business model with the expansion of the data infrastructure on a lease model, thus, impacting network costs as the company continues to roll out. In addition, there was further impact on revenue from price adjustments to improve positioning. Normalized net income, excluding the impact of unrealized ForEx transactions and accelerated depreciation was recorded at IDR 340 billion. The company announced that at the recent annual general meeting, the company proposed increase in dividend payout to 40% of last year's normalized net income was approved. The company provided capital expenditure guidance for the fiscal year 2013. The capital expenditure guidance for this year not changing and the company is still looking at around IDR 8 trillion to IDR 9 trillion in terms of cash out.