EXCL - Aims to bolster private network business

EXCL - Aims to bolster private network business XL Axiata (EXCL) is aiming to expand enterprise business segment, especially for mining company clients through XL Axiata Business Solutions (XLABS) on private network. The private network is believed to be able to improve clients' efficiency while potentially reducing as much as 20% of carbon emissions. (Source: Kontan) Comment: Demand for private network on mining companies have gained growth momentum this year, supported by 5G networks, awareness of sustainability in mining and IoT. We expect demand for private network to further increase in coming years as more companies are interested to implement Industry 4.0.