Edotco Bangladesh on way to fulfilling tower licence conditions

KUALA LUMPUR: Edotco Bangladesh (edotco BD), an integrated telecommunications infrastructure services company in Bangladesh, has recently completed the transfer of 20% of its shares held by Robi Axiata Ltd.

“This will result with edotco BD becoming a wholly-owned subsidiary of edotco Group which is in line with the conditions set by the Bangladesh Telecommunication Regulatory Commission (BTRC),” the company said in a statement. In August, edotco announced that it has been selected by the BTRC to obtain a conditional tower sharing licence.

“Upon completion of the conditions, this licence will allow edotco to build and manage telecommunications towers for multiple mobile network operators in the country,” it said.

However, as part of the conditions, edotco BD cannot retain a mobile network operator as its shareholder. It said with the transfer, edotco BD moves one step closer to fulfilling the conditions for tower licence eligibility.

Edotco group chief executive officer Suresh Sidhu said: “We have been working closely with Robi and our local partners to ensure a smooth transition. We are confident we will be able to fulfil all the conditions within the set timeframe and are looking forward to receiving the complete licence.

“Edotco is committed to partnering with the government and serving the telecommunications industry here.” Edotco BD has been at the forefront of the country's tower infrastructure landscape since 2013, providing end-to-end solutions in the tower services sector from tower leasing, co-locations, buildto-suit, energy management, transmission and operations and maintenance. – Bernama