EDOTCO Malaysia, the nation’s largest telecommunications infrastructure company, has announced two strategic partnerships with Malaysia Digital Economy Corporation (MDEC) and Boost, a leading regional fintech provider. These collaborations aim to accelerate Malaysia’s digital economy through next-generation infrastructure and financial inclusion initiatives, marking a significant step forward in the country’s digital transformation journey.
The Memorandums of Understanding (MOUs) were signed during a ceremony at Laman EDOTCO in Saujana Subang, attended by the Minister of Digital, Gobind Singh Deo. In his speech, the Minister emphasized the importance of these partnerships, noting that the collaboration with MDEC will leverage EDOTCO’s expertise in digital infrastructure to support the Malaysia Digital (MD) ecosystem.
This partnership is designed to bolster sectors such as Digital Agriculture, Digital Cities, and Digital Tourism by providing the necessary infrastructure to drive innovation and growth across the nation. “This endeavour,” the Minister said, “will ensure that communities within the MD ecosystem have the infrastructure support needed to bridge the urban-rural divide and position Malaysia as a leader in the digital age.”
Enhancing the Digital Ecosystem
The partnership with MDEC underscores the government’s commitment to accelerating digital adoption and transformation in Malaysia. EDOTCO will offer expert advisory services and preferential rates for next-generation digital infrastructure solutions to Malaysia Digital (MD) status companies, fostering a supportive ecosystem for digital growth. As an infrastructure ecosystem partner for Malaysia Digital initiatives, EDOTCO will play a crucial role in creating a reliable, future-ready digital foundation for Malaysia’s economy.
EDOTCO’s contributions include providing 4G and 5G in-building connectivity for Malaysia Digital Cybercities and Cybercentres, as well as alternative connectivity solutions like low-orbit satellites and sustainable smart city solutions.
These efforts are supported by EDOTCO’s cutting-edge Network Planning and Analytics (NaPA) system, which enhances network planning, data-driven decision-making, and optimizes network performance. This infrastructure will allow startups and innovators to focus on developing new technologies and services that cater to both urban and rural communities, driving further growth in Malaysia’s digital economy.
Mahadhir Aziz, CEO of MDEC, said, “MDEC is thrilled to be one of EDOTCO’s partners in this milestone. Their 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, EDOTCO has the capability to support the rapid deployment of the infrastructure essential to growing Malaysia’s digital economy. This partnership 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 endeavor.”
Boost Partnership: Empowering Financial Inclusion
In addition to its collaboration with MDEC, EDOTCO has also partnered with Boost, a homegrown regional fintech leader, to introduce the ‘Tower Landowner Credit Access’ initiative.
This groundbreaking initiative is designed to provide financial empowerment and stability to more than 2,200 individuals and private landowners with existing tenancy agreements with EDOTCO.
The initiative aims to support SME tower landowners in its first phase by providing simplified access to cash, with plans to expand to individuals in the coming months. By leveraging tenancy agreements, the initiative opens new avenues for credit access, particularly benefiting those who are unbanked or underbanked. This partnership with Boost not only provides financial benefits but also enhances financial literacy, promoting a more inclusive financial environment.
Sheyantha Abeykoon, Group CEO of Boost, highlighted the importance of this collaboration, saying, “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.”
Adlan Tajudin, Group CEO of EDOTCO, commented on the significance of these partnerships: “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.”
With these strategic partnerships, EDOTCO is set to play a key role in Malaysia’s digital transformation, providing the infrastructure and financial tools necessary to support innovation, inclusivity, and sustainable growth across the nation.
