Edotco: Philippines market entry & joint venture

Joint venture

Edotco: Philippines market entry & joint venture

Joint venture

Client

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edotco Group Sdn Bhd
(“edotco”)

Target

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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

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Sole financial advisor to edotco on the transaction

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

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Introduced edotco to potential JV partners, including ISOC

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