Indonesia remains an exciting growth market in the Southeast Asian region given its population of almost 250 million people comprising a budding middle class. Indonesia’s telecommunications sector is ranked fourth largest in the world with over 300 million subscribers, translating to a penetration rate of about 120%.
PT XL Axiata Tbk
XL has a subscriber base of approximately 41.9 million and network coverage in 93% of Indonesia’s populated areas. Total operating expenditure for 2015 was USD1,080 million, while capex was USD362 million. In 2015, XL contributed USD1,778 million or 0.2% of GDP to Indonesia’s economy.
In 2015, XL supported the employment of close to 250,000 people, of which 2,033 employees were directly employed. XL focuses on improving access to education as well as advancing social and economic enablers.