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XLSMART | |
Formerly |
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Company type | Public |
IDX: EXCL | |
Industry | Telecommunications |
Founded | October 6, 1989 |
Founder | Peter Sondakh (Rajawali Wirabhakti Utama) |
Headquarters | Jakarta, Indonesia |
Key people | Rajeev Sethi (President and CEO) |
Brands | |
Services | Telecommunications services |
Revenue | IDR 21.34 trillion (2016) [1] |
IDR 376 billion (2016) [1] | |
Total assets | IDR 54.896 trillion (2016) [1] |
Owners |
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Number of employees | 1,892 (2016) |
Website | www |
PT XLSmart Telecom Sejahtera Tbk (stylized in all-caps as XLSMART), formerly PT Excelcomindo Pratama Tbk and PT XL Axiata Tbk, is an Indonesian mobile telecommunications services operator headquartered at Jakarta, jointly owned by Malaysia-based company Axiata and Indonesian diversified conglomerate Sinar Mas. [2] It is the third largest mobile telecommunications company in Indonesia. The operator's coverage includes Java, Bali, and Lombok as well as the principal cities in and around Sumatra, Kalimantan and Sulawesi. XLSmart offers home and mobile communication broadband services through their 2G GSM, 4G LTE, 5G NR and optical fiber network infrastructure under the three core brands: XL, Axis and Smartfren.
Initially, XLSmart provided cellular mobile telephony services using the GSM 900 technology. A few years after launching services, the company was awarded a license for implementing a DCS 1800 network, and to operate an ISP and VoIP service. In 2006, XL obtained a 3G license, which services launched in September of the same year.
At the end of 2010, the company had more than 22,000 BTS towers across Indonesia. [3] It is the second largest mobile network operator in Indonesia, with a subscriber's strength of 55.1 million users. [4]
Shares of XL surged in May 2019, one day after Axiata announced talks with Norway's Telenor aimed at combining their Asian operations. [5]
Excelcomindo was established on October 6, 1989 under the name of PT Grahametropolitan Lestari and originally was a trading and general services company. [6] XL became the first private mobile services operator in the country, starting commercial operations on October 8, 1996. In 2009, XL was bought by the Axiata Group which caused a change of logos. The XL letters were made blue (the blue and green version was also used), and an Axiata tag was added on to the logo. On October 28, 2014, XL launched the new logo with the launch of Real Mobile 4G LTE network service. On October 5, 2016, to commemorate XL's 20th anniversary, XL changed its logo colour from yellow and green to blue and green, similar to the colour in the first XL logo.
On 11 December 2024, XL announced that it will merge with Smartfren (owned by Sinar Mas) for IDR 104 trillion or USD 6,5 billion, creating the country's new telecommunication powerhouse. XL will operate as the surviving entity and will be changing its name to XLSmart under the new company name of PT XLSmart Telecom Sejahtera. The merging process is expected to complete in the first half of 2025. [7] During the Annual General Meeting of Shareholders on 25 March 2025, the board of director had changed, with Rajeev Sethi appointed as its new President Director. On the same day, XL approved the planned merger with Smartfren during the Extraordinary General Meeting of Shareholders, with the completion date set on 16 April 2025. [8]
Telekom Malaysia, Mora Telematika and XLSmart has been working cooperatively to build a high-bandwidth fibre-optic submarine cable, which will stretch 400 kilometers, between the state of Malacca and Batam, through Dumai, with a total cost of $7.6 million USD. [9] Led by Huawei Marine Networks, the cables were completed on Q4 2011. [10]
XLSmart, in partnership with Nextgen Group and 3 other partners, built the Australia-Singapore Cable to connect Australia, Indonesia and Singapore. XL Axiata has a submarine beach cable facility and submarine cable landing station in Anyer, Banten to connect the Australia-Singapore Cable to Indonesia. [11]