Indonesia: SmartFren Telecom targets 5m subscribers; Investors eye XL Axiata towers

Indonesia: SmartFren Telecom targets 5m subscribers; Investors eye XL Axiata towers

Photo by Smartfren Telecom

Indonesia mobile-phone operator PT SmartFren Telecom Tbk (FREN) has set ambitious targets to get five million subscribers by the end of 2016, while some investors are eyeing telecom towers of other operator PT XL Axiata Tbk (EXCL).

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