February 2, 2018 / 5:12 AM / 3 months ago

BRIEF-PT XL Axiata plans to enter Indonesia Pay TV business in Q2 - CEO

Feb 2 (Reuters) - PT XL Axiata Tbk:

* PT XL AXIATA PLANS TO ENTER INDONESIA PAY TV BUSINESS IN Q2, LOOKS TO RAISE $500 MILLION OVER 3-5 YEARS - DIAN SISWARINI, CEO OF PT XL AXIATA TBK, TOLD REPORTERS

* WILL REQUIRE EXTERNAL FUNDING, BUT HAS NOT DECIDED WHETHER TO ISSUE BONDS - CEO THE COMPANY SAYS RESPONDING TO FALLING YIELDS IN SATURATED TELECOMMUNICATIONS INDUSTRY Further company coverage: (Reporting By Ed Davies)

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