Warburg-backed Princeton Digital to acquire 70% stake in XL Axiata data centre portfolio

Data centre interior.

Singapore-based internet infrastructure company Princeton Digital Group (PDG) will acquire a 70 per cent stake in telecom firm XL Axiata’s data centre portfolio for an undisclosed figure, the companies said in a joint statement on Wednesday.

XL Axiata, which is Indonesia’s second-largest telecom firm, owns five data centres across the archipelago. The data centres will be run by a new joint venture, Princeton Digital Group Data Centres, after completion of the deal.

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