Contact Information

160 Robinson Rd, #14-04
Sit Rd, SBF Center, Singapore 068914

Japanese multinational Mitsui has funneled an additional $58M into Axiata Digital & Analytics (ADA), the Artificial Intelligence and data division of Axiata, a leading Malaysian telecom firm.

  • Valuation Status: The investment has pushed ADA’s valuation to an impressive $550M.
  • Ownership: This transaction was effected through Axiata Digital Services (ADS), the parent company of ADA. This arrangement increases Mitsui’s ownership in ADS to 20%. Subsequently, Mitsui now holds a 12.69% stake in ADA.
  • Industry Goals: ADA is ambitiously eyeing a unicorn status in the AI, data analytics, and digital transformation space.
  • Background: In 2019, Mitsui made its initial investment in ADS, then valued at $500M.Earlier this year, Axiata revealed plans to offload stakes in certain businesses as its debt rose to $7.9B amid overseas expansion ventures.

Besides Axiata and Mitsui, ADA has attracted investment from SoftBank, which contributed $60M for a 23% stake, and Sumitomo. In mid-2022, ADA acquired the ecommerce division of Singapore Post, Singapore’s public postal service.

client banner image


Leave a Reply

Your email address will not be published. Required fields are marked *