Upon the completion of the proposed acquisition, OCK group expects to gain a steady income stream as the BTS stations have long-terms lease agreements with network operators in Vietnam.
OCK group managing director Sam Ooi said this acquisition would pave the way to enter the Vietnam market, which is one of the biggest in Asean, with many growth opportunities.
"SEATH is an on-going and profitable business. As a result of this transaction, OCK will approximately have 3,000 tower assets across the Asean region by year-end," he said in a statement.
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