Pakistan Telecommunication Authority (PTA) has not too long ago given approval to edotco Pakistan Non-public Restricted (edotco PK) on the change of shareholding in edotco PK by means of subscription by Dawood Hercules Company Restricted (DH Corp) of 45% of the share capital of edotco PK, an end-to-end telecom infrastructure providers firm. This constructive determination of the Authorities and the Regulator is a welcome promotion of the digital agenda making Pakistan a gorgeous vacation spot for overseas funding.
The above marks one of many approvals associated to the transaction steps on the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower belongings presently beneath Deodar Non-public Restricted (Deodar). Additional regulatory approvals are in means of being granted by PTA on the change of shareholding construction in Deodar, and by State Financial institution of Pakistan on the funding of the acquisition.
Established in 2012, edotco is the primary regional and built-in telecommunications infrastructure providers firm in Asia, offering end-to-end options within the tower providers sector from tower leasing, co-locations, build-to-suit, vitality, transmission and operations and upkeep (O&M). (Owned by Axiata) edotco operates and manages a regional portfolio of over 27,000 towers throughout core markets of Malaysia, Myanmar, Bangladesh, Cambodia, Sri Lanka and Pakistan with over 16,500 towers immediately operated by edotco and an extra 10,500 towers managed via a spread of providers offered.
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