edotco completes stake acquisition in Tanjung Digital worth RM140m
Published on: Saturday, July 28, 2018
Kuala Lumpur: edotco Group Sdn Bhd, a 63 per cent-owned unit of Axiata Group Bhd, has completed the acquisition of 80 per cent stake in Tanjung Digital Sdn Bhd worth RM140 million.edotco, in a statement on Friday, said the acquisition would allow the company to expand its presence in Kedah with a portfolio of 225 telecommunications towers."By expanding our presence in Kedah, we will work with the entire ecosystem to ensure network providers are able to strengthen their service quality and network footprint across the state," Chief Regional Officer Wan Zainal Adileen said.
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He said through this acquisition edotco aimed to improve the operational efficiency of tower infrastructure in Kedah, reinforcing its commitment to supporting fast and reliable coverage in the nation."Currently, Kedah's lower tower density in comparison to Malaysia's average affects the quality of network connectivity. Hence, edotco recognises the need to narrow this gap," he said.He said the company would scale-up its operations and accelerate tower build out in order to enable consistent and quality network services."Our commitment to ensuring greater connectivity across Malaysia will help bridge the digital divide, while moving the country forward into the digital age," he said.
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Tanjung Digital Director Mohd Azam Saad said the acquisition would allow Kedah's telecommunication industry to benefit from edotco's regional expertise in end-to-end tower solution services.Stay up-to-date by following Daily Express’s Telegram channel.
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Established in 2012, edotco is the first regional and integrated telecommunications infrastructure services company in Asia, providing end-to-end solutions in the tower services sector from tower leasing, co-locations, build-to-suit, energy, transmission and operations and maintenance. –Bernama
