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XL Axiata outlined plans to consolidate its business following the purchase of broadband and cable-TV provider Link Net last year, forging a non-binding agreement to transfer the subsidiary’s business, making the operator the second-largest broadband provider in Indonesia.
LAS VEGAS, November 30, 2023--At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), today announced that Axiata Group Berhad (Axiata), a leading Asian telco and digital group headquartered in Malaysia, has selected AWS as its primary cloud provider. With AWS, Axiata is accelerating its digital transformation across its operating companies to better serve 174 million customers in the Southeast Asia and South Asia regions.
Axiata Group recorded growth across most of its operating companies in Q3 2023, driven by gains following its purchase of broadband provider Link Net in Indonesia, an improved operational performance at XL and Robi, and its tower business consolidation of acquisitions in the Philippines and Indonesia.
Indonesian telco XL Axiata on Wednesday reported modest growth in revenues and normalized net profit in its 9-month results for 2023, which it credits to its fast growing fixed-mobile convergence (FMC) business.
• Succeeded in achieving Revenue of IDR 23.88 trillion, growing 10% YoY and Normalized net profit of IDR 1.02 trillion, growing 4% YoY • Sped up strong momentum in Fixed Mobile...