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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.