Malaysian telecommunications company Axiata Group Bhd’s tower unit, edotco, has worked on acquisition deals amounting to more than $900 million, which it aims to complete in the next 12 months.
The two to three deals could materialize in the company’s existing markets where the sector has developed.
edotco, 62.4-percent owned by Axiata, currently operates and manages a regional portfolio of more than 28,000 towers in Malaysia, Myanmar, Bangladesh, Cambodia, Sri Lanka and Pakistan.
edotco also expects Thailand, Laos, Vietnam and the Philippines to be potential markets to enter.