KUALA LUMPUR: edotco Group, a unit of Axiata Group Bhd
has announced the acquisition of about 1,000 towers from XL Axiata in a deal valued at about IDR750bil (RM219mil) through its local subsidiary PT edotco Infrastruktur Indonesia.
As part of the transaction, edotco will acquire 859 towers through a sale and leaseback and enter into a managed service agreement for an additional 162 sites, with a significant build-to-suit potential with XL Axiata.
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