Edotco Buys 325 Telecom Towers From Seatel Cambodia

Axiata Group Bhd’s 62.37%-owned tower company Edotco Group Sdn Bhd has acquired 325 telecom towers from South East Asia Telecom (Cambodia) Co Ltd (Seatel Cambodia) in Cambodia, as the group aims to further strengthen its position in the country.

In a statement today, Edotco said the acquisition was recently approved by the Telecommunication Regulator of Cambodia, allowing the group to draw on the Cambodian market’s increasing demand for increased network capacity and speed due to the steady growth of 4G mobile networks in the country.

“The deal, which was approved by the Telecommunication Regulator of Cambodia recently, comes on the back of the market’s increasing appetite for greater network capacity and speed as accessibility to 4G mobile network steadily grows,” it 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 shareable 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,” Wong said.

He added that the group now directly operates and owns 2,000 telecom towers in Cambodia, with another 1,000 such towers “managed through a range of services provided”. – The Edge Markets