Edotco CEO Adlan Tajudin said the group prioritises prudent portfolio expansion for both organic and inorganic opportunities that carry the right scale, economics and returns for its shareholders.
KUALA LUMPUR: Telecommunications tower company (towerco) Edotco Group is looking into expanding its operation to Thailand and Vietnam in the near term as the markets offer untapped growth opportunities.
Chief executive officer Adlan Tajudin said the group prioritises prudent portfolio expansion for both organic and inorganic opportunities that carry the right scale, economics and returns for its shareholders.
“We have successfully built our portfolio from 10,000 towers in four home markets to about 50,000 towers in nine markets in just over eight years.
“Currently, Edotco’s target markets are in the Asean region and South Asia,” he told Bernama.
At present, the group operates beyond the borders of Malaysia, establishing a regional portfolio of over 54,000 towers across Indonesia, Bangladesh, Cambodia, Sri Lanka, Pakistan, the Philippines, Myanmar and Laos.
This includes its latest acquisitions from strategic deals and mergers with Touch Mindscape Sdn Bhd, XL Axiata Towers in Indonesia and PLDT in the Philippines.
Since its establishment in 2012, Edotco has come a long way over the past decade, achieving many milestones including attaining Asean Unicorn status and becoming Asia’s first and leading regional integrated telecommunications infrastructure services company.
“Ultimately, we have made it our mission to become a top five global telecommunications tower company by 2024. Edotco is currently sixth,” said Adlan.
He noted that the towerco has undergone a rebranding initiative recently, providing an opportunity to reflect on everything that the Edotco brand stands for and everything that it aspires into an exciting future.
“Our mission is a refined version of what is best about ourselves: to make next-generation connectivity universally accessible, in order to help nations and societies across Asia transform digitally, economically and socially.
“As such, we have also moved to our new global headquarters, Laman Edotco, since Nov 1, 2022, to accommodate expanding operations.
“This move also enables the consolidation of the group’s Klang Valley offices into one central location for improved efficiency and productivity,” he said.
Adlan highlighted that the development of the telecommunication sector has accelerated with the simultaneous birth of 5G technologies.
“With the transition to 5G network, demand for wider and better coverage and QoS-induced proliferation of 4G network have made towercos’ role more crucial than ever, making it even pressed for a regulatory framework reform,” he added.
