edotco Group Sdn Bhd, a subsidiary of Malaysia based Axiata Group Berhad, has terminated the acquisition process of acquiring tower assets from PMCL in Pakistan. In an announcement today, edotco PK has said that they will not be moving forward with the acquisition of 13,000 towers from Pakistan Mobile Communications Limited (“PMCL”) in Pakistan. It’s…
State Bank of Pakistan (SBP) has approved edotco Pakistan Private Limited (edotco PK) allowing local lenders to fund the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower assets currently under Deodar Private Limited (Deodar). This development marks another step forward in approvals related to the transaction in the acquisition. The final regulatory approvals…
PTA (Pakistan Telecommunication Authority) has approved edotco PK’s change of shareholding in the Tower-Sharing Services Company by way of subscription by Dawood Hercules Corporation Limited (DH Corp) of 45% of the share capital of edotco PK, an end-to-end telecom infrastructure services company. This positive decision of the Government and the Regulator is a welcome promotion…
edotco Group Sdn Bhd (“edotco”), in its biggest expansion to date, together with Dawood Hercules Corporation Limited (“DH Corp”), a leading listed investment conglomerate in Pakistan announced the acquisition of approximately 13,000 towers from Pakistan Mobile Communications Limited (Jazz). edotco, through Tanzanite Tower Private Limited, a wholly owned subsidiary of edotco Pakistan Private Limited (“edotco…
