EXCL - Accelerates towards Green BTS

XL Axiata (EXCL) is seeking to reduce BTS consumption energy by exercising Environment, Social and vernance (ESG) principle for its infrastructure. Furthermore, the company has been modernizing its BTS supporting tools since 2014 transforming into green BTS, which stood at 90% of all of its BTS. (Source : Investor Daily) Comment: While adapting to environment friendly technology has gradually become a big thing, and even more important for EXCL, given its capex requirement that mostly be met through external funding support. On top of that, investors are more ESG conscious and often eager to offer competitive financing cost in exchange of ESG compliance. In addition, lower energy consumption could mean more cost efficient for EXCL.