Telco infrastructure company EDOTCO Malaysia has announced strategic partnerships with the Malaysia Digital Economy Corporation (MDEC) and homegrown e-wallet Boost to bolster the country’s digital economy through enhanced infrastructure and financial inclusion initiatives.
In collaboration with MDEC, EDOTCO will offer advisory services and preferential rates for next-generation digital infrastructure to Malaysia Digital (MD) status companies.
This partnership aims to strengthen the digital ecosystem by providing reliable and future-ready connectivity, including 4G and 5G in-building solutions, as well as alternative technologies such as low-orbit satellites and smart city solutions.
EDOTCO’s Network Planning and Analytics (NaPA) will further support the tech ecosystem by optimising network performance and improving service quality.
The partnership with Boost introduces the ‘Tower Landowner Credit Access’ initiative, designed to offer financial stability to more than 2,200 landowners with existing tenancy agreements with EDOTCO.
This initiative, particularly beneficial to unbanked or underbanked individuals, provides easier access to credit, supporting financial empowerment and inclusion.
Minister Gobind Singh Deo highlighted that the partnership between EDOTCO and MDEC is set to enhance Malaysia’s digital ecosystems by providing the essential infrastructure needed to support innovation and growth across various sectors, ensuring that both urban and rural communities can benefit.
Sheyantha Abeykoon, Group CEO of Boost, said,
“By integrating our holistic fintech solutions, we support essential financial needs for the underserved, fostering economic growth within these communities.
These are key steps in our transformation into a full-fledged digital bank in the region to driving positive financial inclusion impact across the country.”
Adlan Tajudin, Group CEO of EDOTCO, said,
“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. These partnerships reinforce our commitment to fostering inclusive growth, as we build a stronger, more connected Malaysia.”
Featured image: (From left to right) Kenneth Shen, Chairman, EDOTCO; Sheyantha Abeykoon, Group CEO, Boost; Adlan Tajudin, CEO, EDOTCO Group; YB Tuan Gobind Singh Deo, Minister of Digital; Nik Rizal Kamil, Group CFO, Axiata; Ts. Mahadhir Aziz, CEO, Malaysia Digital Economy Corporation (MDEC); Gayan Koralage, Director, Malaysia Business, EDOTCO
