Globe Telecom, Aboitiz InfraCapital, and Frontier Tower Associates Philippines (FTAP) signed an MOU to improve connectivity in Cebu, Davao, and Olongapo.
The MOU, in support of the common tower initiatives of the Department of Information and Communications Technology (DICT), will explore the possibility of leasing build-to-suit sites, towers, and other passive telecommunications infrastructure and facilities.
Aboitiz InfraCapital will bring to this project the Aboitiz conglomerate’s extensive experience in building and operating provincial utility networks like the Visayan Electric Co, Davao Light and Power Co, and Cotabato Light and Power. Meantime FTAP, a member of established international tower firm, Frontier Tower Associates Group (FTA), will bring the experience gained from rolling out and operating thousands of towers in ASEAN as well as its operations team, who have collectively rolled out more than 1,000 towers in the Philippines through previous roles.
The MOU signing between Globe and the Aboitiz-FTAP partnership came immediately after Aboitiz and FTAP signed on June 19 a cooperation agreement for the development, construction, operation, and maintenance of a common tower network.
The DICT targets to roll out at least 50,000 new common towers across the country in the next seven to ten years. Recently, the government agency announced its plans to accelerate the building of 2,500 common towers in properties owned by government agencies.
Ernest Cu, President and CEO, Globe
Our partnership with Globe represents a significant first step in our effort to ramp up the country’s connectivity through infrastructure. Through the new common towers that will be built, Aboitiz InfraCapital, in partnership with FTAP, aims to build the right infrastructure that will advance the digitalization of businesses and communities.
