edotco’s plans to acquire towers from Pakistan Mobile called off


President and Group CEO of Axiata, Tan Sri Jamaludin Ibrahim ( left) and CEO of edotco Group Suresh Sidhu at the edotco Corporate Development Media Briefing in this 30 August 2017 filepic. - The Star filepic

PETALING JAYA: edotco Group Sdn Bhd’s plans to acquire 13,000 towers from Pakistan Mobile Communications Ltd have been scuppered as certain regulatory approvals were not received.

edotco, the infrastructure business unit of Axiata Group Bhd, said in a statement that it had failed to obtain regulatory approval for the change of control of the towers.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , edotco , Pakistan , tower , Suresh Sidhu , mobile ,

   

Next In Business News

Wall St set to open lower as Meta Platforms, economic data weigh
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
Samenta wants micro enterprises to be exempted from e-invoicing
Pantech seeks Main Market listing for subsidiaries via SPV
Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar
AirAsia X mulls flying to Eastern Europe, London and Orlando
MKHOP posts RM16mil net profit in 2Q24
Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring

Others Also Read