KUALA LUMPUR: edotco Group Sdn Bhd's subsidiary in the Philippines has inked a PHP42bil (RM3.42bil) deal to acquire 2,973 telecom towers in the country through a sale and lease back transaction with subsidiaries of PLDT Inc.
In a separate agreement, edotco was also granted the commitment to build and develop 750 build-to-suit (BTS) sites for leasing to PLDT in the future.
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