edotco Acquires Tower Company Touch Mindscape For RM1.7 Billion

edotco Group Sdn Bhd is possibly gearing to monopolise the communication tower landscape with its proposed 100% acquisition of Touch Group Holdings Sdn Bhd subsidiary Touch Mindscape Sdn Bhd for RM1.7 billion.

With the completion of the deal, edotco will place itself as the Top 5 towerco in the world and increase its tower market share from approximately 21% to 25%. The company under Axiata Group has been on an expansion mode with its footprint spanning across multiple countries, however, the latest move to strengthen its position in Malaysia could be on the prospect of a 5G rollout that’s about to take place early 2022.

Group CEO Adlan Tajudin commented that the proposed acquisition is in line with growth strategy and plans to scale up and future-proof its operations to support national digital ambitions in the countries it operates.

Managing Director Wan Zainal Adileen quipped that the proposed acquisition will strategically add a portfolio of 1,000 tenanted towers to its operations in Malaysia, Through this deal, edotco could expand its existing presence by significantly scaling in the states of Pahang, Negeri Sembilan and Melaka with very limited overlap.

This will also allows edotco to secure a strategic fibre network, which is crucial to further future-proofing the telecommunication infrastructure portfolio.

The deal is scheduled to be completed by the end of this year upon the conditions precedents in the SSA being fulfilled. Upon completion, it will grow edotco’s owned and managed portfolio of towers to over 43,000 towers across core markets of Malaysia, Bangladesh, Pakistan, Sri Lanka, Cambodia, Myanmar, Philippines and Laos. 

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