PT XL Axiata Tbk. ("XL" or the "Company") was founded on 6 October 1989, under the name PT Grahametropolitan Lestari. Its main business was in trading and general services.
Six years later, the company took an important step by setting up a cooperation with Rajawali Group - a shareholder of PT Grahametropolitan Lestari - and three foreign investors (NYNEX, AIF and Mitsui). Its name was changed to PT Excelcomindo Pratama, with the provision of basic telephony services as its core business.
XL commenced commercial operations in 1996, primarily covering
Jakarta,
Bandung and
Surabaya areas. This had made XL the first private company in
Indonesia that provides cellular mobile telephony services.
September 2005 was a milestone for the company. Upsizing on all fronts, XL became a public company listed on the
Jakarta Stock Exchange [now known as the
Indonesia Stock Exchange (IDX)]. Currently, the majority of XL?s shares are held by TM
International Berhad through Indocel Holding Sdn. Bhd. (83.8%) and Emirates Telecommunications Corporation (Etisalat) through Etisalat
International Indonesia Ltd. (16.0%).
XL has now taken the lead in the industry as the cellular telecommunications provider with extensive coverage throughout
Indonesia. It provides services for retail customers and offers business solutions for corporate customers, including voice, data and other value-added mobile telecommunications services. XL operates its network with GSM 900/DCS 1800 and IMT-2000/3G technologies. XL also holds a Closed Regular Network License, Internet Service Provider (ISP) License, Voice over Internet Protocol (VoIP) License and Internet Interconnection Services License (NAP).
