KUALA LUMPUR: Edotco (Cambodia) Co Ltd has acquired 325 towers from South East Asia Telecom (Cambodia) Co Ltd, in line with its expansion strategy and to further strengthen its position as a leading tower company in Cambodia.
The company, a unit of Axiata Group Bhd, said in a statement that the deal, which was recently approved by the Telecommunication Regulator of Cambodia, came on the back of the market’s increasing appetite for greater network capacity and speed as accessibility to 4G mobile network steadily grows.
“With this deal we boost our reach in the country with an enhanced portfolio of over 3,600 telecommunications towers, further solidifying our position as a tower company of choice. We end the year on a solid note as adding over 300 towers to our portfolio will further diversify our revenue mix in Cambodia and allow us to enter 2019 stronger as a group,” said edotco group’s chief regional officer Phillip Wong.
“Since starting operations in 2013, we have continued to grow our portfolio in Cambodia and now have 2,600 towers directly operated and owned by edotco here, and a further 1,000 towers managed through a range of services provided” added Wong.
He said the deal reinforces edotco Cambodia’s commitment to invest in Cambodia as a key market.
It will also allow for a more effective partnership with mobile network operators by introducing a more sharable infrastructure and enhancing network availability across the nation.
“Partnering closely with local network players remains a key strategy for us in developing the telecommunications infrastructure in the country,” he said.
edotco Cambodia was also recently appointed as the exclusive In-Building Solution (IBS) provider for The Bridge, the tallest high-rise apartment complex in the country for which it will design, supply and deploy in-building solutions aimed at improving indoor network coverage.
Moving forward, edotco Cambodia’s operations will continue to focus on providing the right sharable infrastructure required to facilitate Cambodia’s digital agenda, which will include next generation technologies such as small cells and smart lamp pole.