PT XLSMART Telecom Sejahtera Tbk Overview
Pro stress-test →XL Axiata is a leading telecom company in Indonesia providing convergence services since October 8, 1996, offering a wide range of services to retail and corporate customers through a robust nationwide network. The company is jointly owned by Malaysia-based Axiata and Indonesian conglomerate Sinar Mas, making it Indonesia's third largest mobile telecommunications company.
Strategic Profile
Pro stress-test →In December 2024, XL announced a merger with Smartfren valued at IDR 104 trillion (USD 6.5 billion), with XL operating as the surviving entity under the new company name PT XLSMART Telecom Sejahtera. The company offers mobile communication and broadband services through 2G GSM, 4G LTE, 5G NR and optical fiber networks under three core brands: XL, Axis, and Smartfren. As the third largest telco in Indonesia, XL is scaling up to capture the underpenetrated fixed broadband market (~15% penetration).
Competitive Landscape
Pro stress-test →Five companies control approximately 90% of Indonesia's telecom market, with Telkomsel (via subsidiary of Telekomunikasi Indonesia), Indosat, Bakrie Telecom, and others dominating. XL Axiata competes with Telkomsel for high-end subscribers in the mobile segment. The merger with Smartfren strengthens competitive positioning and scale.
Industry Context
PT XLSMART Telecom Sejahtera Tbk operates in Telecommunications - Mobile & Fixed Broadband Services.
Key facts
Founded: 1989 · Headquarters: Jakarta, Indonesia · Employees: 1,000-5,000