Bangladesh firm Getco buys 30% in edotco
KUALA LUMPUR: Getco, a Bangladesh-based conglomerate, has emerged as a 30% shareholder in Axiata Group’s unit edotco Bangladesh to further enhance its efforts towards the development of telecommunications infrastructure in the country.
Through its subsidiary Greencon Tower Co Ltd, Getco will partner edotco to provide next-generation infrastructure to meet the country’s growing connectivity needs. This include applying for the recently announced tower sharing licence.
edotco Group Sdn Bhd CEO Suresh Sidhu said in a statement: “With its strong nationwide focus on digital services and increased industry investment for 4G and beyond, Bangladesh is well positioned to thrive.
“Our partnership with Getco is fundamental to enabling transformation within the telecommunication sector.”
Tower companies are the backbone of telecommunication development as it ensured the right infrastructure is in place, he added.
edotco Bangladesh now owns and operates over 9,000 telecom towers throughout the country and over 27,000 towers across six nations.
Getco Group chairman K.M. Khaled said edotco’s extensive regional experience in infrastructure deployment and management would accelerate its journey towards a connected nation by 2021.
“We are confident that our collaborative efforts with edotco will result in millions of citizens being able to reap the benefits of connectivity,” he added.