NOW Corp and its subsidiary NOW Telecom recently signed an agreement with Aboitiz InfraCapital (AIC) and Frontier Tower Associates (FTA) Management.
The parties agreed to discuss and negotiate the lease of build-to-suit sites, towers, and passive telecommunications infrastructure and facilities that will be made available for the installation of NOW’s facilities and equipment in order to provide telecommunications and/or internet services.
AIC and FTA signed a cooperation agreement for the development, construction, operation, and maintenance of a common tower network last June 19, 2019. Together, they aim to provide passive wireless communications infrastructure, such as towers, poles, for the use of wireless companies and Internet service providers such as NOW.
NOW Corp., a company listed in the Philippine Stock Exchange, is engaged in the business of telecommunications, media and technology. It provides access to broadband connectivity solutions to enterprises, commercial and residential buildings, while NOW Telecom is a public telecommunications entity with a 25-year congressional franchise to construct, install, establish, operate, and maintain wire and/or wireless telecommunications systems. The latter is also a holder of a cellular mobile telecommunications system (CMTS) license, granted by the National Telecommunications Commission. NOW Telecom is one of only four cellular mobile license holders apart from SMART, Globe Telecom, and Dito Telecommunity.
Rodolfo Pantoja, President, NOW Telecom
We welcome the government initiative to foster tower sharing because it reduces the cost of deployment while also accelerating the network rollout as ‘difficult or costly to acquire’ sites become feasible as the cost is shared among operators.
Patrick Tangney, Chairman and CEO, FTA
In October 2019, NOW Corp sealed a multi-year agreement with UnionBank for the deployment of Now Fiber Air, its enterprise-grade broadband product in the Aboitiz-led lender’s headquarters in Pasig City.
