edotco buys 1,000 towers from XL Axiata

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 750 billion rupiah (RM219mil) through its subsidiary PT edotco Infrastruktur Indonesia.

As part of the transaction, edotco said in a statement yesterday that it will acquire 859 towers through a sale and leaseback arrangement.