Delta Partners advises Asia-based edotco on its acquisition of a tower company in Pakistan
Dubai, 7 August 2017
Delta Partners Corporate Finance Limited, a member of the Delta Partners Group, has today announced that it acted as the sole strategic and financial advisor to the first regional and integrated telecommunications infrastructure services company in Asia, edotco Group Sdn Bhd (“edotco”), on its 100% acquisition of Tanzanite Tower Private Limited (“TTPL”) (subsidiary of Tower Share (Private) Limited).
edotco, established in 2012, provides end-to-end solutions in the tower services sector, such as tower leasing, co-locations, build-to-suit, energy, transmission and operations and maintenance. Currently, edotco’s Asian portfolio includes over 25,000 towers across its core markets of Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar.
With the transaction, which gives TTPL an enterprise value of $90 million, edotco expands its tower portfolio in Pakistan with 700 towers providing tenancies to all major mobile operators in the country. The transaction will further enable edotco to accelerate its growth ambitions in Pakistan.
Fede Membrillera, Managing Partner, Delta Partners, who led the execution of the transaction, commented: “This acquisition was of vital strategic importance for edotco to cement its presence in Pakistan. edotco is now well placed to pursue further acquisition opportunities as it seeks to consolidate its market position in Pakistan. The transaction was facilitated by a dedicated team, with unique knowledge of the intricacies of the tower space and emerging markets, who was able to utilise this insight to bring about a satisfactory agreement to all parties.”
Suresh Sidhu, CEO of edotco, said: “This acquisition supports edotco’s growth strategy and ambition to position itself as the leading independent telecommunications infrastructure services provider across Asia. It also demonstrates our continued confidence in the Pakistan market and long-term commitment to support the development and enhancement of the country’s telecommunications infrastructure.”
Notes to editors
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Cheryl King / Rachel Lewis
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