Indonesia's XL Axiata sees 2011 revenue growth at 9-10 pct

PT XL Axiata , Indonesia's third largest telecommunications firm, said on Monday it expected revenue growth of between 9-10 percent next year.

This year's revenue growth is estimated to be above 20 percent, said president director Hasnul Suhaimi.

Suhaimi also said the firm expected to see the number of subscribers grow by 10 percent next year from more than 40 million at the end of 2010, and saw capital expenditure at $500 million in 2011.Source: Reuters