XL Axiata

XL offers home and mobile communication broadband services through their 2G GSM, 4G LTE, 5G NR and optical fiber network infrastructure.

[7] Shares of XL surged in May 2019, one day after Axiata Group announced talks with Norway's Telenor aimed at combining their Asian operations.

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.

[10] Telekom Malaysia, Mora Telematika and XL Axiata 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.

[12] XL Axiata, in partnership with Nextgen Group and 3 other partners, built the Australia-Singapore Cable to connect Australia, Indonesia and Singapore.