Princeton Digital Group has acquired a 70% stake in XL Axiata's data centers, enhancing its strategic position in Indonesia's burgeoning digital economy.
Information on the Target
XL Axiata is a leading telecommunications company in Indonesia, established in 1989. The company has evolved significantly over the years, transitioning from providing GSM services to becoming a major player in mobile data and internet solutions. Currently, XL Axiata operates a range of communication services, including mobile telecommunications, fixed connectivity, and cloud solutions, catering to both consumer and corporate markets.
With a strong focus on technological advancements, XL Axiata committed to expanding its infrastructure by providing high-quality data services across the nation. Its integrated approach includes launching new products and ensuring robust customer experiences, making it a crucial entity in Indonesia's telecommunications landscape.
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Industry Overview in Indonesia
The telecommunications industry in Indonesia has experienced rapid growth, driven by an increase in smartphone penetration and data consumption. This sector has become essential for the country's
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Princeton Digital Group
invested in
XL Axiata
in 2019
in a Joint Venture deal
Disclosed details
Transaction Size: $392M