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edotco announces RM1.7 bil acquisition in bid to be among top five tower companies in world

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. ....

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Axiata shares up in early trade on unit's acquisition talk | Money

KUALA LUMPUR, Nov 24 Shares of Axiata Group Bhd were slightly higher in the early trade on the potential of its unit, edotco Group Sdn Bhd to acquire telecommunications infrastructure provider Touch Matrix Sdn Bhd for RM1.8 billion. As of 10.05am, Axiata gained two sen to RM3.96. Quoting. ....

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