Axiata Tower Unit Completes Acquisition of PLDT Tower Assets

Malaysia's Axiata Group successfully concludes tower transfer agreement, acquiring and leasing back 2,710 sites in the Philippines.


  • Axiata wraps up tower transfer, enhancing its presence in the Philippines.
  • Edotco, Axiata's tower unit, manages an extensive global tower portfolio.
  • Final phase of transfers solidifies Axiata's infrastructure expansion.

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axiata towerunit completes acquisition pldt tower assets
Malaysia-based Axiata Group has announced the successful completion of the final phase of tower transfers from PLDT's subsidiaries to its unit in the Philippines. This marks the conclusion of a strategic deal involving the acquisition and leaseback of a total of 2,710 tower sites. The towers involved in the transaction are primarily located in Luzon, Visayas, and Mindanao.

Also Read: MTN Nigeria Selects ATC Nigeria for Tower Services as Contracts Near Expiry

Strategic Tower Transfer

Axiata disclosed that the transfer of 85 sites from Smart Communications and Digitel Mobile Philippines marked the last step in the agreement originally inked with PLDT in 2022. The deal was executed through edotco, which is Axiata's tower unit and ranks among the largest TowerCos globally. Edotco Group operates and manages an extensive portfolio of over 54,000 towers across multiple countries, including Malaysia, Indonesia, Bangladesh, Cambodia, Sri Lanka, Pakistan, Philippines, Myanmar, and Laos.

Also Read: Ooredoo, Zain, and TASC Towers to Create Independent Tower Company in MENA Region

Finalizing the Transaction

In an official exchange filing, Axiata stated, "We are pleased to announce that conditions precedent for the Sixth Closing have been fulfilled, and the transfer of 85 sites of Transferred Assets was completed on 8 September 2023. The Sixth Closing constitutes the final transfer of sites under the Proposed Acquisition of PLDT Tower Assets, bringing the cumulative total to 2,710 sites when combined with earlier transfers."

This achievement underscores Axiata's commitment to expanding its telecommunications infrastructure footprint in the Philippines and the broader region.

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From Arts and Journalism background, Yashika closely monitors developments and updates in OTT Space.

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