edotco aiming for more market share

The proposed purchase of 1,000 towers from Touch Mindscape Sdn Bhd (TMs) for RM1.7bil will push its market share to 25% from 21% now. The towers allow it to capitalise the growth in fiber infrastructure demand, especially in a 5G environment.

PETALING JAYA: edotco Group Sdn Bhd is paying a premium that could set a precedent for future tower deals to fetch higher multiples, though its move is to gain more market share.

The proposed purchase of 1,000 towers from Touch Mindscape Sdn Bhd (TMs) for RM1.7bil will push its market share to 25% from 21% now. The towers allow it to capitalise the growth in fiber infrastructure demand, especially in a 5G environment.

edotco’s ambition is to become the top five globally and top three in Asia in terms of tower count by 2024 and the plan is to grow organically or inorganically. Hence, the willingness to pay a premium.