Axiata’s Edotco is buying 13,000 towers from Deodar, a subsidiary of Veon’s mobile operator Pakistan Mobile Communications.

The deal is a joint venture is with Dawood Hercules, an investment conglomerate in Pakistan. The two have entered into a written agreement with Jazz, cementing their intentions on the proposed deal. Jazz is owned by Amsterdam-based telecoms group Veon. 

The move means that Edotco will become the eighth largest independent tower company and second largest multi-country tower operator globally, with a portfolio of 40,000 towers across six countries. The deal solidifies its position as the largest independent tower company in Pakistan

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