"We are still exploring the possibility of selling 7,000 (base transceiver) stations to investors," XL President Director Hasnul Suhaimi said after addressing a seminar themed "Enduring and Growing amid Global Economic Turbulence by Excellent Performance" here on Wednesday.
To sell the 7,000 BTS, XL had appointed Goldman Sachs as an arranger, he said.
However, he stopped short of revealing the investors who would buy the BTS. "Let`s wait....We are in the process of exploring (the possibility of selling them)," he said.
XL tried to sell 7,000 BTS in 2009 but to no avail.
He said XL intended to sell the BTS because it would focus on its business and would no longer think of managing them on its own.
To date, XL has 9,000-10,000 BTS nationwide.
The contribution of BTS rent to the company`s revenues was relatively small reaching 4 percent of the overall income, he said.
He said the company had set no date to complete the corporate action.
"We have set no date to complete it. To be sure, we will continue to explore the possibility of selling them," he said. (*)
Editor: Kunto Wibisono
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