Edotco: Philippines market entry & joint venture

Joint venture

Edotco: Philippines market entry & joint venture

Joint venture

Client

edotco Group Sdn Bhd
(“edotco”)

Target

Formation of an independent tower company in a joint venture (“JV”) with ISOC Infrastructure, Inc. (“ISOC”)

Transaction summary

Deal value

Undisclosed

Transaction highlights

  • Facilitates edotco’s entry into the Philippines tower sector, a key growth market for digital infrastructure in ASEAN
  • Highly complementary paring of strategic competencies between edotco and ISOC
  • The JV was among the first to sign an agreement with the Department of Information and Communications Technology and receive built-to-suit orders from operators

Completion

Sep-19

Client description

  • edotco is the first and leading regional integrated telecommunications infrastructure services company in Asia
  • The company specialises in provision of end-to-end solutions in the tower services sector

  • Operates and manages a portfolio of over 29,800 towers across its core markets of Malaysia, Myanmar, Bangladesh, Cambodia, Sri Lanka and Pakistan

Redpeak role

Sole financial advisor to edotco on the transaction

Assisted edotco with the financial analysis and assessment of the Philippines telecommunications and digital infrastructure market

Introduced edotco to potential JV partners, including ISOC

Structured the JV and managed negotiations on JV and other investment related agreements