edotco Group Sdn Bhd (“edotco”) through edotco Malaysia Sdn Bhd (“edotco Malaysia”) announced it has entered into a conditional Share Sale Agreement (“SSA”) with Touch Group Holdings Sdn Bhd (“TGHSB”) to acquire 100% of its subsidiary, Touch Mindscape Sdn Bhd (“Touch Mindscape”), and its subsidiary companies (collectively, “TMs Group”).

The SSA for the entire shares of Touch Mindscape is for a total purchase consideration of RM1.7 billion. The proposed acquisition strengthens edotco’s aspiration to be the Top 5 towerco in the world and cements its home market leadership position as the largest independent tower company in Malaysia.

This transaction enables edotco to increase its tower market share from approximately 21% to 25%.

edotco Group CEO Adlan Tajudin said, “I am pleased with the rare opportunity to be able to
acquire a towerco in Malaysia, and one with such a sizeable and high-quality telecommunication infrastructure portfolio.

The proposed acquisition is in line with edotco’s growth strategy and plans to scale up and future-proof our operations to support national digital ambitions in the countries of our operations.

This opportunity also further strengthens edotco’s position as a leading independent telecommunications infrastructure provider in Malaysia and Asia.”

edotco Malaysia Managing Director Wan Zainal Adileen said, “The proposed acquisition strategically adds a portfolio of approximately 1,000 tenanted towers to edotco’s operations
in Malaysia, where we are already providing co-location to major mobile network operators
in the country.

This opportunity expands edotco’s existing presence by significantly scaling up our tower portfolio in the three states of Pahang, Negeri Sembilan and Melaka with very limited overlap. The towers in these states come at very high co-location ratios of 3x (Melaka), 3.6x (Negeri Sembilan), and 2.4x (Pahang).