edotco Malaysia Sdn Bhd, a subsidiary of Axiata Group Bhd, has announced the RM1.7 billion acquisition of Touch Mindscape Sdn Bhd, a telecommunications infrastructure provider, on a debt-free and cash-free basis. The recent acquisition increased edotco’s tower market share in Malaysia from approximately 21 per cent to 25 per cent and adds a portfolio of about 1,000 tenanted towers to edotco’s operations. These includes tower infrastructure in key locations such as Kuala Lumpur, Putrajaya, Perak and Kedah.

The acquisition is in line with edotco’s growth strategy and plans to scale up telecommunications operations. The company will expand their tower portfolio in the three States of Pahang, Negeri Sembilan and Melaka with limited overlap.