XL Axiata injected capital of IDR 17.95 billion for data center solution business

21 December 2020 11:40

JAKARTA. PT XL Axiata Tbk (EXCL) has disbursed additional capital, worth IDR 17.95 billion, for PT Princeton Digital Group Data Centers (PDGDC), an associated entity that operates a data center business.

Ranty Astari Rachman, Corporate Secretary of EXCL, explained that the disbursement of funds was given after PDGDC received permission to increase in authorised capital and paid-up and issued capital. Currently, the company's paid-up and issued capital has increased by 3.53% to IDR 589.2 billion.

Rachman informed that currently EXCL owned 32.39% of PDGDC shares, with a value of IDR 190.85 billion. According to idnfinancials.com data, the previous total share ownership of EXCL in PDGDC was only 30% or IDR 173.9 billion.

In addition, 67.61% of PDGDC shares are controlled by Princeton Digital Group Pte. Ltd. The ownership value of this telecommunication company, registered in Singapore, is equivalent to IDR 398.36 billion. (KR/VA)

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