Touch Mindscape News Today

Malaysia-based Axiata Group’s tower unit edotco was reportedly considering the sale of shares to raise US$600 million to support growth plans across the Asia Pacific, reported Bloomberg.

Pickup of revenue across markets from easing of COVID-19 restrictions. Good operational performance from OpCos in 1H22.

Leading Asian regional integrated telecommunications infrastructure services company edotco Group has further boosted its aims to be a major global tower player with the acquisition, through its local subsidiary PT edotco Infrastruktur Indonesia, of approximately 1,000 towers from Indonesian operator XL Axiata.

KUALA LUMPUR: Axiata Group Bhd ended its 2021 financial year ended Dec 31, 2021, with a net profit of RM818.9mil, about 2.25 times net profit of RM365.16mil in the previous year.

KUALA LUMPUR, Feb 22 — Axiata Group Bhd plans to sustain its 2021 strong performance by targeting mid-single digit revenue growth and high single digit for earnings before interest and taxes (EBIT) growth and is allocating RM7.1 billion in capital expenditure (capex) to support the growth....

Edotco Malaysia Sdn Bhd, the 63%-owned subsidiary of Axiata Group Bhd, is acquiring fellow telecommunications infrastructure provider Touch Mindscape Sdn Bhd for RM1.7 billion on a debt-free and cash-free basis. edotoco said the acquisition strengthens its aspiration to be among the top five tower companies in the world, and cements its home market leadership position as the largest independent tower company in Malaysia.

Leading Asian regional integrated telecommunications infrastructure services company edotco Group has announced a major acquisition that, it says, strengthens its aspiration to be a top five towerco in the world and cements its home market leadership position as the largest independent tower company in Malaysia, where it is headquartered.