edotco BD completes transfer of 20pc stake held by Robi
It now becomes wholly owned subsidiary of edotco Group
UNB
The edotco Bangladesh (edotco BD), an integrated telecommunications infrastructure services company in Bangladesh, has recently completed the transfer of 20 per cent of its shares held by Robi Axiata Limited, reports UNB.
This will result in edotco BD becoming a wholly owned subsidiary of edotco Group in line with the conditions set by the Bangladesh Telecommu-nication Regulatory Commission (BTRC).
In August, edotco announced that it has been selected by the BTRC to obtain a conditional tower sharing license. Upon completion of the conditions, this licence will allow edotco to build and
manage telecommunications towers for multiple mobile network operators in the country.
As part of the conditions, edotco BD, cannot retain a mobile network operator as its shareholder. With the transfer, edotco BD moves one step closer to fulfilling the conditions for tower license eligibility.
Rahul Chaudhary, country managing director of edotco Bangladesh said We have been working closely with Robi and our local partners to ensure a smooth transition.
We are confident we will be able to fulfill all the conditions within the set timeframe.
We are looking forward to receiving the complete license and are determined to keep serving the telecommunication industry in Bangladesh.
The edotco BD, has been at the forefront of the countrys tower infrastructure landscape since 2013, providing end-to-end solutions in the tower
services sector from tower leasing, colocations, build-to-suit, energy management, transmission
and operations and maintenance.
The company recently announced Getco, a Bangladeshbased cong-lomerate as a 30 percent shareholder and strategic partner.
Through its subsidiary Greencon Tower Company Limited, Getco will partner with edotco to provide next-generation infrastructure to meet the countrys growing connectivity needs.
