Mitsui invests USD58 Million in ADA via Axiata Digital, valuing the Data and AI company at USD 550 Million.
Summary
Mitsui, a renowned Japanese conglomerate, has been working closely with ADS and ADA since their initial investment in 2019, and is now intensifying its efforts to deliver data and AI solutions to partners and clients in the APAC region. "Vivek Sood, Group Chief Executive Officer and Managing Director of Axiata, said "Mitsui has a strong and proven track record of bolstering innovative businesses in the fields of AI, data analytics and digital transformation. We look forward to collaborating closely with Axiata Group and ADS/ADA in order to contribute to the growth of ADA by accelerating the provision of its digital marketing solutions and data analysis services to our partners throughout the region. Notably, ADAs shareholders include industry giants like Softbank, Axiata, Mitsui, and Sumitomo Corporation.For more information visit ada-asia.com or contact Klara Grintal, [email protected]Mitsui & Co. is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries.The company identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders.Mitsui has set three key strategic initiatives for its current Medium-term Management Plan: supporting industries to grow and evolve with stable supplies of resources and materials and providing infrastructure; promoting a global transition to low-carbon and renewable energy; and empowering people to lead healthy lives through the delivery of quality healthcare and access to good nutrition.For more information on Mitsui & Cos businesses visit, www.mitsui.comFor media enquiries, please send a request here: https://form.mitsui.com/webapp/form/16694_csy_13/index.doIn pursuit of its vision to be The Next Generation Digital Champion, Axiata is a diversified telecommunications and digital conglomerate operating Digital Telcos, Digital Businesses and Infrastructure businesses across a footprint spanning ASEAN and South Asia.The Group has controlling stakes in market-leading mobile and fixed operators in the region including XL and Link Net in Indonesia, Dialog in Sri Lanka, Robi in Bangladesh, Smart in Cambodia and Ncell in Nepal while CelcomDigi in Malaysia is a Key Associate Company. EDOTCO is among the top 10 independent TowerCos globally, operating in nine countries to deliver telecommunications infrastructure services.As a committed and long-term investor, the Group actively supports and drives young talent development; community outreach; as well as climate change initiatives.
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