Phil-Tower Consortium Inc (PhilTower) and Miescor Infrastructure Development Corporation (MIDC) have announced their intention to form and invest in a Joint Venture company (JVCo) that will wholly own PhilTower and MIDC to meet the growing demand for 4G and 5G mobile network infrastructure across the Philippines.
Globe announced on Tuesday, Sept. 27, that it has completed the first closing with 800 towers out of the 3,529 towers to be acquired by common tower operator Frontier Towers for a cash consideration of P10 billion.
Department of Information and Communications Technology (DICT) acting secretary Manny Caintic said his agency will review existing protocols to address the concern of Independent Tower Companies (ITCs) that permits are still not being issued fast enough by government instrumentalities.
During a trade mission to Washington DC, Department of Trade and Industry (DTI) secretary Ramon Lopez secured the commitment of US firms Black and Veatch and SBA Communications to build hyperscale data centers and common towers in the Philippines.
PLDT announced on Monday, April 19, that its subsidiaries Smart Communications and Digitel Mobile Philippines have signed agreements for the sale of 5,907 telecom towers and related infrastructure for P77 billion.
The Department of Information and Communication Technology (DICT) launched on Thursday, Sept. 9, the “Digital Infrastructure Monitoring System: Tower Watch PH”, a monitoring mechanism for tower construction to better streamline permit processing time and accelerate the rollout of connectivity infrastructure in the country.