Edto Group SDN Berhad emphasizes the acquisition of the world's fifth largest tower company by 2021. The company wants to complete at least two big acquisitions in this period. A collaborative organization of the Ataxia Group Berhad, based in Edacao Malaysia. News The Star.Tan Shree Jamaluddin Ibrahim, President and Chief Executive Officer of Ataxia Group, said EdotCo has set the goal of becoming the world's eighth largest independent tower company within the next one to two months. The company wants to reach this goal soon with a major acquisition in Pakistan.
After the annual general meeting of the Ataxia Group yesterday, he said, after taking over the world's eighth largest tower company, we would like to come fifth in the position. There are plans for acquiring one or two major types.At present, Edacco operates 40 thousand towers in Bangladesh, Malaysia, Sri Lanka, Cambodia, Pakistan and Myanmar.It is known that EdotCo Group Bertha is going to buy 13,000 telecom towers in Pakistan for $ 94 million. The company is buying these towers from Pakistan Mobile Communications Limited (PMCL) in collaboration with Daud Hercules Corporation in the country. For this acquisition, 60 million dollars will be funded through borrowing and the rest will be repaid by capital investment.