Edotco reportedly selling tower operations in five markets
Axiata did not confirm the reported disposals, saying it regularly assesses opportunities to improve long-term shareholder value.
Edotco Group Sdn Bhd is selling businesses in five countries to several buyers, Business Times reported, citing people familiar with the transaction. The markets involved are Indonesia, the Philippines and Cambodia, along with Bangladesh and Pakistan.
Parent company Axiata Group Bhd stopped short of confirming the sales when asked about the report. It said potential transactions are evaluated for their value, strategic alignment, timing and certainty of execution under its Axiata28 strategy.
Axiata holds a 63 per cent stake in Edotco. If the reported disposals proceed, the tower operator would retain its businesses in Malaysia and Sri Lanka. Edotco's estimated enterprise value is between US$3.5 billion and US$4 billion.
The group has spent the past two years seeking to monetise its tower infrastructure investment as it shifts towards an asset-light model, aiming to cut debt and redirect capital into new growth areas.
Under Axiata28, Axiata aims to bring its net debt-to-Ebitda ratio below two times by end-2028. The ratio stood at 2.22 times on June 30, 2026. The group also aims to distribute more than RM3 billion in shareholder dividends over the next three years.
