EXCL on Indonesia Stock Exchange

XLSmart

Logo: PT XLSmart Telecom Sejahtera Tbk, Public domain, via Wikimedia Commons4

Indonesian telecommunications company

PT XLSMART Telecom Sejahtera Tbk (stylized as XLSMART), formerly PT Excelcomindo Pratama Tbk and PT XL Axiata Tbk, is an Indonesian mobile telecommunications services operator headquartered at Jakarta, jointly owned by Malaysia-based company Axiata and Indonesian diversified conglomerate Sinar Mas. It is the third largest mobile telecommunications company in Indonesia. The operator's coverage includes Java, Bali, and Lombok as well as the principal cities in and around Sumatra, Kalimantan and Sulawesi.2 It employed 1,878 people.1 Its shares trade on Indonesia Stock Exchange under the symbol EXCL.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Oct 6, 1989Founded1

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  • TickerEXCL on Indonesia Stock Exchange1
  • Industryinfrastructure industry, mobile phone industry, telecommunications industry1
  • HeadquartersJakarta1
  • Websitewww.xlsmart.co.id
  • Legal formpublic company1
  • LEI529900GV66NMGZLKFS483
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressXL Axiata Tower, Jl. H.R. Rasuna Said X5 Kav. 11 - 12, Kuningan Timur, Setiabudi, 12950 Jakarta Selatan, Indonesia3
XL Axiata Tower (2025) 01
Photo: Medelam, CC BY 4.0, via Wikimedia Commons6

PT XLSMART Telecom Sejahtera Tbk (stylized as XLSMART), formerly PT Excelcomindo Pratama Tbk and PT XL Axiata Tbk, is an Indonesian mobile telecommunications services operator headquartered at Jakarta, jointly owned by Malaysia-based company Axiata and Indonesian diversified conglomerate Sinar Mas. It is the third largest mobile telecommunications company in Indonesia. The operator's coverage includes Java, Bali, and Lombok as well as the principal cities in and around Sumatra, Kalimantan and Sulawesi. XLSMART offers home and mobile communication broadband services through their 2G GSM, 4G LTE, 5G NR and optical fiber network infrastructure under the three core brands: XL, Axis, and Smartfren.2

Corporate structure

XLSmart is part of a group headed by Axiata. 10 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Axiata Kuala Lumpur
    • XLSmart Jakarta Selatan, Indonesia
      • XL Subsidiary · Jakarta, Indonesia
    • Robi Axiata Subsidiary · 92% · Tejgao, Bangladesh
      • Binge Subsidiary · Bangladesh
    • Dialog Subsidiary · 83.32% · Colombo
    • Ncell Subsidiary · 80%
    • AXIS Subsidiary · Jakarta
    • Celcom Subsidiary · Kuala Lumpur
    • Smart Axiata Subsidiary · Phnom Penh

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

History

Excelcomindo was established on October 6, 1989 under the name of PT Grahametropolitan Lestari and originally was a trading and general services company. XL became the first private mobile services operator in the country, starting commercial operations on October 8, 1996. In 2009, XL was bought by the Axiata Group which caused a change of logos. The XL letters were made blue (the blue and green version was also used), and an Axiata tag was added on to the logo. On October 28, 2014, XL launched the new logo with the launch of Real Mobile 4G LTE network service. On October 5, 2016, to commemorate XL's 20th anniversary, XL changed its logo colour from yellow and green to blue and green, similar to the colour in the first XL logo.

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. XL will operate as the surviving entity and will be changing its name to XLSMART under the new company name of PT XLSMART Telecom Sejahtera. The merging process is expected to complete in the first half of 2025. During the Annual General Meeting of Shareholders on 25 March 2025, the board of director had changed, with Rajeev Sethi appointed as its new President Director. On the same day, XL approved the planned merger with Smartfren during the Extraordinary General Meeting of Shareholders, with the completion date set on 16 April 2025.

GSM XL (1996–2002)

Langsung Kriiing.... (Directly Rings Up..., 8 October 1996 – 14 March 2002)

Pro XL (1998–2004)

Tak Selalu Pilihan Anda yang Pro (Your Choice Isn't Always the Pro, 1 January 1998 – 31 December 1999)

Anda yang Pro (You're the Pro, 1 January 2000 – 15 November 2001)

Pilih yang Pro (Choose the Pro, 31 December 1997 – 15 November 2001)

Tak Hanya Bicara (Not Just Talkin', 16 November 2001 – 25 June 2004)

Bening Sepanjang Nusantara (Calling Throughout the Archipelago, 21 June 2003 – 25 June 2004)

Read the full text

Bebas (2004–2008)

Puasnya, terasa 'kan? (2004–2006)

Rasain Tuuh (2006)

Pulsanya gak abis-abis! (2007–2008)

Jempol (2004–2008)

Bisa-Bisa aja (anything is possible, 2004 – September 2006)

Semua Makin Dekat (Everyone's Getting Closer, September 2006–2007)

Hemat Berkualitas (Quality Savings, 2007)

From Wikipedia’s article on XLSmart, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Parent company

Subsidiaries

From Wikidata.1

Timeline

  1. Sep 29, 2005Went public Listed on Indonesia Stock Exchange1
  2. Oct 6, 1989Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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