Malaysia’s edotco acquires over 300 telecom towers in Cambodia
Malaysia-based telecommunications infrastructure services company edotco Group, through its Cambodian unit, has acquired 325 telecom towers from Southeast Asia Telecom Cambodia, according to a company statement.
By adding new facilities through this acquisition, edotco Cambodia has expanded its reach to over 3,600 towers in the country.
Thus far, edotco Group, which is majority-owned by Axiata Group, has operated a regional portfolio of over 28,500 towers across core markets of Malaysia, Myanmar, Bangladesh, Cambodia, Sri Lanka and Pakistan, with 17,500 towers directly operated by the group and 11,000 towers managed through a range of services provided.
Phillip Wong, chief regional officer for growth markets of edotco Group, said: “This deal reinforces edotco Cambodia’s commitment to invest in Cambodia as a key market. We will be able to partner more effectively with mobile network operators by introducing even more sharable infrastructure and enhance network availability across the nation. Partnering closely with local network players remains a key strategy for us in developing the telecommunications infrastructure in the country.”
edotco said the deal was approved by the Telecommunication Regulator of Cambodia.
The acquisition comes at a time when the market’s appetite for greater network capacity and speed is increasing, as accessibility to 4G mobile network steadily grows.
“We end the year on a solid note as adding over 300 towers to our portfolio will further diversify our revenue mix in Cambodia and allow us to enter 2019 stronger as a Group. Since starting operations in 2013, we have continued to grow our portfolio in Cambodia and now have 2,600 towers directly operated and owned by edotco here, and a further 1,000 towers managed through a range of services provided,” added Phillip.
edotco Cambodia was recently appointed as the exclusive In-Building Solution (IBS) provider for The Bridge, the tallest high-rise apartment complex in the country where it will design, supply and deploy in-building solutions aimed at improving indoor network coverage.
Moving forward, the firm said operations will continue to focus on providing the right sharable infrastructure required to facilitate Cambodia’s digital agenda, which will include next-generation technologies such as small cells and smart lamp poles.