M1's largest shareholders, which also include Malaysia's Axiata(pic) Group, had considered but eventually called off a strategic review of their holdings in the telecommunication provider last year, saying parties interested in buying those stakes did not meet certain criteria.
KUALA LUMPUR: Axiata Group Bhd
's subsidiary, edotco Group Sdn Bhd, is eyeing two substantial acquisitions to achieve its target of becoming the world's fifth largest independent tower company by 2021.
President and Group Chief Executive Officer Tan Sri Jamaludin Ibrahim said edotco was set to become the world's eighth largest independent tower company in the next one or two months, following the completion of an acquisition in Pakistan.
"Getting from eighth spot to fifth spot is steep. We probably want to look at one or two more bigger acquisitions," he told reporters after the company's annual general meeting here today.
edotco currently operates a portfolio of 40,000 towers across Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar. - Bernama
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