Upside seen for edotco’s deal in the Philippines


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PETALING JAYA: The purchase of PLDT Inc’s tower assets in the Philippines by Axiata Group Bhd’s subsidiary, edotco Group Sdn Bhd is earnings dilutive in the medium term.

However, the deal offers significant longer-term upside as the Philippines tower company (towerco) market is at the cusp of accelerated growth, according to RHB Research.

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