Axiata Digital establishes USD 500 mln valuation with Mitsui investment

Monday 6 May 2019 | 10:20 CET | News
Axiata Digital Services, the digital services arm of Axiata Group, has received a minority investment by Mitsui. The investment establishes a pre-money enterprise value of USD 500 million for the core digital businesses of Axiata Digital which include Boost, a leading e-wallet service in Malaysia with a presence in Indonesia, ada (analytics.data.advertising), and the Apigate API platform provider. Mitsui will become a strategic shareholder and business partner at AD's core business verticals. 

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Categories: Internet
Companies: Axiata
Countries: Asia
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