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PTXKY PT XL Axiata Tbk (PK)

2.6385
0.046 (1.77%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PT XL Axiata Tbk (PK) USOTC:PTXKY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.046 1.77% 2.6385 2.19 2.72 2.66 2.18 2.18 8,556 18:10:45

Warburg-Backed Princeton Digital to Buy 70% Stake in XL Axiata's Data Centers

03/07/2019 10:25am

Dow Jones News


PT XL Axiata Tbk (PK) (USOTC:PTXKY)
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   By Wong Yi Wei 
 

Warburg Pincus-backed Princeton Digital Group will acquire a 70% stake in the data center portfolio of XL Axiata (EXCL.JK), Indonesia's second largest telecommunications company by subscribers, for an undisclosed sum.

Princeton Digital has also committed to invest $100 million investment in the data centers, a joint statement by the two companies said Wednesday.

XL Axiata owns five data centers in Indonesia, while Singapore-based Princeton Digital is an investor, developer and operator of internet infrastructure.

 

Write to Wong Yi Wei at yiwei.wong@wsj.com

 

(END) Dow Jones Newswires

July 03, 2019 05:10 ET (09:10 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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