Delta Partners advises Asia-based edotco on its acquisition of a tower company in Pakistan
Dubai, 7 August 2017
Delta Partners Corporate Finance Limited, a member of the Delta Partners Group, has today announced that it acted as the sole strategic and financial advisor to the first regional and integrated telecommunications infrastructure services company in Asia, edotco Group Sdn Bhd (“edotco”), on its 100% acquisition of Tanzanite Tower Private Limited (“TTPL”) (subsidiary of Tower Share (Private) Limited).
edotco, established in 2012, provides end-to-end solutions in the tower services sector, such as tower leasing, co-locations, build-to-suit, energy, transmission and operations and maintenance. Currently, edotco’s Asian portfolio includes over 25,000 towers across its core markets of Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar.
With the transaction, which gives TTPL an enterprise value of $90 million, edotco expands its tower portfolio in Pakistan with 700 towers providing tenancies to all major mobile operators in the country. The transaction will further enable edotco to accelerate its growth ambitions in Pakistan.
Fede Membrillera, Managing Partner, Delta Partners, who led the execution of the transaction, commented: “This acquisition was of vital strategic importance for edotco to cement its presence in Pakistan. edotco is now well placed to pursue further acquisition opportunities as it seeks to consolidate its market position in Pakistan. The transaction was facilitated by a dedicated team, with unique knowledge of the intricacies of the tower space and emerging markets, who was able to utilise this insight to bring about a satisfactory agreement to all parties.”
Suresh Sidhu, CEO of edotco, said: “This acquisition supports edotco’s growth strategy and ambition to position itself as the leading independent telecommunications infrastructure services provider across Asia. It also demonstrates our continued confidence in the Pakistan market and long-term commitment to support the development and enhancement of the country’s telecommunications infrastructure.”
Notes to editors
T: +971 56 1770 765
Cheryl King / Rachel Lewis
T: +971 (0)55 941 8449
About Delta Partners
Delta Partners is a leading advisory and investment integrated platform globally. We are a unique hub for people, capital and knowledge to address challenges and opportunities in a transforming TMD industry. With offices across the world, in the United Arab Emirates, South Africa, Spain, Singapore, Colombia and the United States of America, we serve our clients in developed and in emerging markets. Our unique business model enables us to serve our TMD clients through our three business lines, Management Consulting, Corporate Finance and Private Equity.
Our unique combination of Management Consulting, Corporate Finance1 and Investments creates unparalleled value for our clients, investors and business partners.
For more information, please visit www.deltapartnersgroup.com and follow us on Twitter @Delta_Partners
Delta Partners Corporate Finance1 Limited is a member of the Delta Partners Group of companies and is authorised and regulated by the DFSA.
© 2018 Delta Partners.