Shares of XL Axiata (EXCL), third largest player in the telco industry, ended slightly higher by 0.47% to Rp2,150 on Monday (Nov 18) to make a market capitalisation of Rp28.2 trillion, slightly above equity (Rp25.7 trillion). SmartFren Telecom (FREN), meanwhile, ended flat at Rp26 to make a market cap of Rp12.4 trillion.To subscribe please click here