However, as part of the conditions, edotco BD cannot retain a mobile network operator as its shareholder. It said with the transfer, edotco BD moves one step closer to fulfilling the conditions for tower licence eligibility
KUALA LUMPUR: Axiata Group Bhd
’s 63 per cent-owned unit, edotco Group Sdn Bhd, has completed the acquisition of an 80 per cent stake in Tanjung Digital Sdn Bhd (TDSB).
Following this, TDSB will become a subsidiary of Axiata.
Earlier, edotco announced that the acquisition will be done via its wholly-owned unit, edotco Malaysia Sdn Bhd, which inked the sale and purchase of shares agreement in May this year to acquire the stake in TDSB.
TDSB had previously obtained the right to build telecommunication infrastructure in Kedah for RM140 million. - Bernama
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