The next-generation digital infrastructure and financial inclusion initiatives of EDOTCO Malaysia, a telecommunications infrastructure business, will advance Malaysia’s digital economy.
The company announced two significant agreements with Boost and the Malaysia Digital Economy Corporation (MDEC).
In a statement, EDOTCO stated that as part of the MDEC partnership, it will support enterprises with Malaysia Digital (MD) designation by offering next-generation digital infrastructure advice and preferential prices as an infrastructure ecosystem partner.
As part of the Boost cooperation, it was mentioned that the “Tower Landowner Credit Access” program attempts to give over 2,200 landowners who have tenancy agreements with EDOTCO now financial stability.
EDOTCO will be able to offer expert advisory services and preferential rates for next-generation digital infra solutions to MD status companies to foster a supportive ecosystem and promote digital growth, demonstrating the government’s commitment to accelerating digital adoption and transformation.
EDOTCO will help Malaysia’s digital economy grow by building a stable, future-ready digital infrastructure as an infrastructure ecosystem partner.
Malaysia Digital Cybercities and Cybercenters receive 4G and 5G in-building connection, as well as low-orbit satellites and sustainable smart city solutions.
EDOTCO stated its cutting-edge Network Planning and Analytics (NaPA) can support the Malaysian tech sector by improving network planning, data-driven decision-making, network performance, and service quality.
By providing sophisticated connectivity infrastructure, startups and innovators may focus on developing new products and services to better serve urban and rural people, growing Malaysia’s digital economy.
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EDOTCO stated its collaboration with Boost, a regional fintech pioneer, will benefit over 2,200 individuals and private landowners with EDOTCO tenancy agreements through the ‘Tower Landowner Credit Access’ project.
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The first phase of the relationship supports small and medium-sized enterprise (SME) tower landowners, while the second step will spread to individuals in the next months to empower and stabilise them financially through simplified cash access.
“EDOTCO’s partners proven track record in digital infrastructure makes them the ideal partner in empowering Malaysia’s innovators, With over 20,000 towers across the nation and a commitment to sustainability and innovation, I believe EDOTCO has the capability to support the rapid deployment of the infrastructure that is essential in growing Malaysia’s digital economy,” said Mahadhir Aziz, Chief Executive Officer of MDEC. Their expertise, together with MDEC’s will ensure Malaysia could swiftly adopt new technologies, enhancing connectivity and providing a solid foundation for businesses to innovate in, This is aligned with the national strategic initiative, Malaysia Digital (MD) which focuses on fostering innovation, talent development, and investment within the digital ecosystem. MDEC will continue to support EDOTCO in this milestone,” he added.
It said the strategy expands credit availability for unbanked and underbanked people by using tenancy agreements.
“The partnership with EDOTCO exemplifies our commitment to providing simplified access to finance for those in need, By integrating our holistic fintech solutions, we support essential financial needs for the underserved, fostering economic growth within these communities,” said Sheyantha Abeykoon, Group Chief Executive Officer of Boost.
This initiative extends EDOTCO and Boost’s commitment to empowering their communities by creating a more accessible financial environment that boosts community support and financial inclusion.
Adlan Tajudin, Group Chief Executive Officer of EDOTCO, said these collaborations with MDEC and Boost are pivotal in driving Malaysia’s digital economy forward. By partnering with MDEC, we are ensuring that our tech ecosystem will have access to cutting-edge infrastructure, enabling startups and innovators to thrive, Simultaneously, our initiative with Boost will provide financial stability and empower our underserved landowners, who are key stakeholders in our business,” he said.
About EDOTCO
EDOTCO,offer end-to-end tower services solutions in co-locations, built-to-suit, energy, transmission, and operations and maintenance.
About MDEC
Malaysia’s digital economy is led by the Ministry of Communications and Digital’s Malaysia Digital Economy Corporation (MDEC), founded in 1996. Since implementing MSC Malaysia, it has catalysed digital transformation and growth nationwide.
About Boost
Boost is Axiata’s regional full-service fintech arm that empowers millions of users and businesses in 7 Southeast Asian nations.
