Mohamed Adlan bin Ahmad Tajudin allegedly did not disclose any prospective buyers, nor how much the company expects to raise from a sale.
According to Reuters, XL Axiata had a total debt of 29.4 trillion rupiah ($2.1 billion) in September 2015, and the company had been trying to reduce this by selling assets and paying more expensive loans ahead of schedule.
In a stock exchange filing this week, XL Axiata said that it would look to sell the towers in an open auction this month.
In December 2015 the company reported a profit increase of 40.1% in its third quarter results.
