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Wireless

Axiata's Edotco expands to Laos with deal to acquire shares in Mekong Tower Company

Wednesday 30 January 2019 | 12:20 CET | News
Edotco Investments (Labuan), a subsidiary of Edotco Group, which in turn is a subsidiary of Axiata Group, said it signed a share subscription agreement with Viphet Sihachakr and Mekong Tower Company (MTCL) to acquire 25,600 ordinary shares of LAK 500,000 each representing 80 percent of MTCL for LAK 12.8 billion (approximately MYR 6.08 million) in cash. The consideration will be funded through internally generated funds, Axiata said.

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Categories: Mobile & Wireless
Companies: Axiata / Edotco
Countries: Lao People's Democratic Republic
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