Telecom Tower Edotco Deodar Dawood Hercules

The telecom tower-sharing company approved by SBP for local lending

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…

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Telecom Tower Edotco Deodar Dawood Hercules

PTA approves investment in Telecom Tower-Sharing Services Company

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…

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