edotco expands footprint in Pakistan with two acquisitions totaling 13,700 towers at US$1.0289bn
Addition of Towershare and Jazz assets makes it the world’s eighth largest towerco by sites
The summer of 2017 marked a significant milestone in Pakistan’s tower market, with edotco successfully executing on the country’s first landmark sale and leaseback (SLB), acquiring Deodar, market-leading MNO Jazz’s carveout towerco. This portfolio of 13,000 towers, along with an earlier acquisition of Towershare’s 700 towers means edotco will now own ~40% of the towers in the country. As Asia’s largest (and fastest growing) multi-country tower and infrastructure company, edotco is optimistic on the growth potential of the Pakistani market and will be scaling its operations accordingly to serve its customers with end-to-end and customised offerings.
TowerXchange: Congratulations Suresh on your announced acquisitions of Towershare’s subsidiary Tanzanite Tower in Pakistan as well as assets from Pakistan Mobile Communications Limited (PMCL).