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Axiata's edotco adds 13,000 Pakistan towers to its portfolio for US$940m

3:11:00 PM
Axiata's edotco adds 13,000 Pakistan towers to its portfolio for US$940m

KUALA LUMPUR (Aug 30): Axiata Group Bhd's 62.4%-owned subsidiary edotco Group Sdn Bhd announced its biggest expansion plan to-date with the proposed acquisition of 13,000 towers in Pakistan for US$940 million to solidify its position as one of the largest independent tower companies in the world.

In a statement today, edotco said it, together with Pakistan-listed Dawood Hercules Corp Ltd (DH Corp), is acquiring the towers from Pakistan Mobile Communications Ltd (PMCL).

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