edotco snaps up 325 towers from Seatel Cambodia
edotco Group has strengthened its portfolio in Cambodia by acquiring 325 telecoms towers from South East Asia Telecom Group (Seatel).
The tower business, which is 62.37%-owned by Axiata Group, has been aiming to further strengthen its position in Cambodia and said that partnering closely with local network players remains a key strategy for the Group in developing the telecoms infrastructure in the country..
“This deal reinforces edotco Cambodia’s commitment to investing in Cambodia as a key market. We will be able to partner more effectively with mobile network operators by introducing even more sharable infrastructure and enhance network availability across the nation,” said Phillip Wong, chief regional officer of growth markets at edotco Group.
“With this deal we boost our reach in the country with an enhanced portfolio of over 3,600 telecommunications towers, further solidifying our position as a tower company of choice. We end the year on a solid note as adding over 300 towers to our portfolio will further diversify our revenue mix in Cambodia and allow us to enter 2019 stronger as a Group.”
In a statement, edotco said the acquisition was recently approved by the Telecommunication Regulator of Cambodia, allowing the group to draw on the Cambodian market's increasing demand for increased network capacity and speed due to the steady growth of 4G mobile networks in the country.
Commenting about edotco’s portfolio in the country, Wong added that 2,600 of the towers are directly operated and owned by edotco Cambodia and the remaining 1,000 are managed through a range of services provided.
Moving forward, operations will continue to focus on providing the right sharable infrastructure required to facilitate Cambodia’s digital agenda, which will include next generation technologies such as small cells and smart lamp poles.