Telecommunications infrastructure company EDOTCO Malaysia has on Tuesday announced two strategic partnerships with Malaysia Digital Economy Corporation (MDEC) and Boost to accelerate Malaysia’s digital economy through next-generation digital infrastructure and financial inclusion initiatives.
EDOTCO said in a statement that under the MDEC collaboration, EDOTCO, as an infrastructure ecosystem partner, will provide next-generation digital infrastructure advisory and preferential rates to support Malaysia Digital (MD)-status companies.
As Boost partnership, it noted the ‘Tower Landowner Credit Access’ initiative aims to provide financial stability to over 2,200 landowners with existing tenancy agreements with EDOTCO。
“The MOU with MDEC will leverage EDOTCO’s digital infrastructure expertise to support Malaysia Digital ecosystems, enhancing sectors such as Digital Agriculture, Digital Cities, and Digital Tourism，
“This partnership is designed to ensure that the communities within the MD ecosystem have the infrastructure support necessary to drive innovation and growth nationwide,” said Gobind Singh Deo, Minister of Digital.
With this endeavor, he said MDEC and EDOTCO are creating a fertile ground for Malaysia’s digital innovators to accelerate their growth for the benefit of all Malaysians, bridging the urban-rural divide and positioning Malaysia as a leader in the digital age.
“The innovative partnership with Boost introduces the first-of-its-kind ‘Tower Landowner Credit Access’ initiative, which not only provides financial benefits but also enhances financial literacy for landowners, many of whom are unbanked or underbanked,
“I applaud the joint efforts by EDOTCO and Boost for this initiative, as it is closely aligned with the Government’s goal of promoting digital inclusion and participation, especially in financial services,” he added.
In a move that underscores the government’s unwavering commitment to accelerating digital adoption and transformation, EDOTCO will be able to offer expert advisory services and preferential rates for next-generation digital infra solutions to MD status companies in efforts to foster supportive ecosystem and promoting digital growth.
As an infrastructure ecosystem partner for Malaysia Digital initiatives, EDOTCO will play an active role in creating a reliable, future-ready digital infra foundation for Malaysia’s digital economy to propel.
This includes providing 4G and 5G in-building connectivity for Malaysia Digital Cybercities and Cybercenters, as well as alternative connectivity solutions such as deploying low-orbit satellites and sustainable smart city solutions.
EDOTCO said the firm is uniquely positioned to support the Malaysian tech ecosystem with its cutting-edge Network Planning and Analytics (NaPA), offering enhanced network planning, data-driven decision-making, optimized network performance, and improved service quality.
By ensuring the availability of advanced connectivity infrastructure, it noted startups and innovators can focus on continuing to develop new technologies and services that can better serve both urban and rural communities, driving further growth in Malaysia’s digital economy.
“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.
As for EDOTCO’s collaboration with Boost, a homegrown regional fintech leader, EDOTCO said the ‘Tower Landowner Credit Access’ initiative is set to benefit more than 2,200 individuals and private landowners with existing tenancy agreements with EDOTCO.
Designed to provide substantial financial empowerment and stability through simplified access to cash, it noted the first phase of the collaboration aims to support small and medium-sized enterprise (SME) tower landowners, while the second phase will be expanded to individuals in the coming months.
By leveraging tenancy agreements, it said the initiative opens up new avenues for credit access, particularly benefiting those who are unbanked or underbanked.
Through this initiative, EDOTCO and Boost are fostering a more inclusive financial environment that strengthens community support and promotes financial inclusion, reinforcing their shared commitment to empowering the communities they serve.
“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.
According to him, 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 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.
He noted these partnerships reinforce their commitment to fostering inclusive growth, as they build a stronger, more connected Malaysia.
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