PDG acquires 70% stake in XL Axiata's data centre biz to scale up in Indonesia

Singapore-based Princeton Digital Group has acquired a 70% stake in XL Axiata's data centre portfolio, according to a press release. XL Axiata, which is the second largest telecommunications company in Indonesia, currently has five data centres in the country.Named Princeton Digital Group Data Centres, the joint venture will help PDG to establish a “strategic presence” in Indonesia. Through this, PDG aims to scale significantly to serve "hyper-scalers, domestic unicorns, enterprises and telcos". It also plans to enlarge the capacity of existing data centres and build a hyperscale data centre at the end of this year."With this continued investment, the joint venture will become the market leader in Indonesia as well as one of the largest data centre operators in Southeast Asia. For PDG, our goal is clear to improve competency in global internet infrastructure to build a pan-Asian portfolio of multi-billion digital infrastructure. Today's announcement is an important step towards achieving that goal," said Rangu Salgame, chairman and CEO, Princeton Digital Group.Meanwhile, XL Axiata president director and CEO Dian Siswarini said the company's knowledge in the telecommunications industry will help to make the new entity the preferred partner for large-scale digital service providers as well as multinational companies that are rapidly expanding their operations in Indonesia and in the region.Established in October 1996, XL Axiata currently provides a variety of services for retail and corporate customers in Indonesia. XL Axiata is part of the Axiata Group, together with M1 (Singapore), Celcom (Malaysia), Dialogue (Sri Lanka), Robi (Bangladesh), Smart (Cambodia), Ncell (Nepal), and Idea (India).