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OPERATING COMPANIES BUSINESS REVIEW
Axiata Group Berhad | Annual Report 2016
049
About edotco
Established in 2012, edotco is the first regional
integrated telecommunications infrastructure
services company in Asia, providing end-to-
end solutions in the tower services sector from
tower leasing, co-locations, build-to-suit, energy
and transmission to operations and maintenance
(O&M).
edotco operates and manages a portfolio of
over 25,000 towers across its core markets of
Malaysia, Myanmar, Bangladesh, Cambodia and
Sri Lanka with 17,286 towers directly operated
by edotco and a further 8,100 towers managed
through a range of services provided. edotco
strives to deliver outstanding performance in
telecommunications infrastructure services and
solutions.
Its state-of-the-art real time monitoring service,
echo, has already seen improvements in field
operations while maximising operational
efficiencies in terms of battery, energy and
fuel consumption for telecommunications
infrastructure.
Through its operations in developing Asian
economies, edotco has established a strong
track record in nation building. edotco has
progressively invested in industry best practices,
providing a broad portfolio of infrastructure
solutions and offering value added services
to enhance efficiencies and connectivity
for communities. edotco is committed to
conducting its business in a responsible and
sustainable manner for the benefit of its
customers, employees, communities and
developing nations.
A key milestone for the Company in 2016 was
its maiden equity raise exercise which set a new
benchmark as the largest global tower sector
private placement for the year at a record
USD600 million. The deal saw strong demand
for edotco shares with interest from a diverse
mix of investors comprising international and
local asset management companies, financial
institutions and strategic investors.
Significant portfolio expansion to 17,286
towers in 2016, as well as strong improvements
in tenancy ratio of 1.54x
2
have led to robust
business growth. edotco now has a portfolio
with equity value of close to USD1.5 billion
and an Enterprise Value close to 2016 EBITDA
multiple of 12.5x
1
, which is comparable to
regional peers.
In 2016, edotco Group was awarded the Frost
& Sullivan 2016 Southeast Asia Telecoms
Tower Company of the Year Award for its
demonstrated exemplary business growth and
performance in Southeast Asia.
Outlook for 2017
edotco is a fast growing telecommunications
infrastructure company that aims to be a leader
in the market. A key component of edotco’s
diversified culture is putting its values into
action, based on the understanding that business
conduct is critical to the continued success and
sustainability of the Company.
edotco is well positioned to capitalise on
growth opportunities in the industry. In
2017, the Company will strive to enhance its
focus on the key strategic areas of customer
centricity, commercial management, operational
excellence,
sustainable
development,
building a high performance organisation
and owning a best-in-class portfolio to drive
business performance and deliver results for
customers. edotco will also continuously look
for opportunities to expand the business
inorganically and organically, to further
strengthen its position as a leading integrated
telecommunications infrastructure services
provider in the region. While the Company is
focused on business growth and profit, equal
focus is also given to innovative sustainable
energy and tower designs where a total cost of
ownership (TCO) approach is taken.
edotco takes a holistic approach to energy
design, material use, sourcing, footprint size
and tonnage to create the right solution in the
right area. This is instrumental to ensure edotco
proactively reduces its carbon footprint, making
a positive impact on the communities and
environment for a sustainable future.
EDOTCO
GROUP
1
Based on 2016 unaudited proforma full year financials
2
As of December 2016
Launched eMOS;
first of its kind multi-
tenant Cell-On-Wheel
(COW) in Malaysia
Introduced
camouflage site for
petrol stations in
Malaysia
Launched Base
Transceiver Station
(BTS) Hotel in
Malaysia
Launched the 1
st
carbon fibre tower
in Asia
2016
January
February
May
August
Conferred the
Southeast Asia
Telecoms Tower
Company of the Year
by Frost & Sullivan
Announced
global tower
sector's largest
private equity
placement for
2016
October
December
Achievements
Pakistan
Myanmar
1,250 Towers
Sri Lanka
2,162 Towers
Bangladesh
8,158 Towers
Malaysia
3,758 Towers
Cambodia
1,958 Towers