Axiata unit edotco buys tower firm for RM1.7bil

Axiata building

PETALING JAYA: Axiata Group Bhd said its 63%-owned subsidiary edotco Group Sdn Bhd has acquired telecommunication infrastructure firm, Touch Mindscape Sdn Bhd, in a deal worth RM1.7bil, expanding the group’s tower assets.

Touch Mindscape’s main assets include 923 telecommunication towers and an optical fiber network, including backbone trunks and last-mile connections along the Kuala Lumpur-Karak Highway, the East-Coast Expressway, and the Genting Sempah-Genting Highlands link.