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Digital Assets · Macquarie Group · Mergers & Acquisitions · Telecom Infrastructure
Macquarie Asset Management Pty, an affiliate of Macquarie Group Ltd., has reportedly submitted a bid valued at approximately $3.5 billion to acquire edotco Group Sdn., the telecom infrastructure unit of Malaysian cellular firm Axiata Group Bhd.
The offer for edotco Group Sdn. is currently under evaluation by Axiata, which holds approximately 63% ownership of the unit, according to Bloomberg.
Axiata has not made a final decision, and the transaction's completion is uncertain. Edotco is also considering other bids.
Edotco, established in 2012, operates more than 55,000 telecom towers across Asia, including key markets like Malaysia, Indonesia, Pakistan, and the Philippines. In April, edotco divested its 87.5% stake in its Myanmar investment vehicle for about $150 million.
This potential acquisition follows Innovation Network Corp of Japan's move in October to revive the sale of its 21% stake in edotco, an investment it made eight years ago for $400 million. Macquarie's recent activities include acquiring a data center in Seoul for $663 million and selling Australian data-center operator AirTrunk for $16.1 billion.
