Telecoms Adia-backed EdgePoint to build 5,000 towers By Neil Halligan January 21, 2025, 2:45 PM Alamy/Justin Lee via Reuters People in Singapore using their mobile phones. Phone tower company EdgePoint is planning to expand throughout Southeast Asia Southeast Asian mobile phone tower company EdgePoint Infrastructure plans to add at least 5,000 towers in the next two to three years. The Singapore-based company, backed by the Abu Dhabi Investment Authority (Adia), is planning to expand in Indonesia, Malaysia and the Philippines, where it already has a presence, and enter new markets such as Thailand and Vietnam, its chief executive and co-founder Suresh Sidhu said. “They’re large countries, lots of population, very similar dynamics to Malaysia, Indonesia, Philippines, young populations, fast growth in data, tech, that sort of sector as well,” Sidhu told Reuters, referring to Thailand and Vietnam. EdgePoint has more than 15,600 towers in Indonesia, Malaysia and the Philippines. Vodafone and Telecom Egypt sign $600m deal to push 5G Analysts question possible Adia bid for India telecoms group STC and PIF to bid for Austrian telco tower operator The demand for new towers is driven by the expansion of 5G services and data consumption in Southeast Asia. Adia acquired a significant minority stake in EdgePoint in 2021 when it committed to investing up to $500 million in the company to support its future growth. As well as Adia, EdgePoint is backed by Florida-based DigitalBridge and the World Bank Group’s private investment arm, International Finance Corporation.