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PETALING JAYA: OCK Group Bhd's 60% owned Vietnam subsidiary is buying Southeast Asia Telecommunications Pte Ltd for US$50mil or RM203.5mil in cash which will boost the number of telco towers it owns.
PETALING JAYA: Telecommunications player OCK Group Bhd is acquiring Vietnam’s largest independent telecommunications tower company, South-East Asia Telecommunications Holdings Pte Ltd (SEATH), for US$50mil (RM203.85mil) via its 60%-owned subsidiary in an all-cash deal.
TELECOMMUNICATIONS network solutions provider OCK Group Bhd is moving closer to building its regional footprint following the acqusition of a tower company in Vietnam.
PETALING JAYA: Telecommunications network provider OCK Group Bhd, which announced its entry into Myanmar as well as Vietnam in June, has set up Well Synergy Resources Private Ltd under unit OCK International Sdn Bhd in Myanmar.
PETALING JAYA: OCK Group Bhd’s overseas revenue contribution is expected to rise three-fold by financial year 2018 (FY18), from under 16% of the group’s revenue in FY15, said RHB Research.