EdgePoint Infrastructure (EdgePoint), a leading ASEAN-based independent telecommunications infrastructure company has entered the Philippine market, following the signing of a Sale & Leaseback agreement between Smart Communications, Digitel Mobile Philippines and Comworks Infratech (EdgePoint Philippines).
The agreement entails the sale of 2,934 towers in the Luzon Island group by Smart and DMPI – wholly-owned wireless communications and digital services subsidiaries of PLDT, the Philippines' largest integrated telecommunications company, to EdgePoint Philippines.
Following the sale, Smart will lease the towers from EdgePoint Philippines to serve its mobile communications and high-speed internet connectivity needs in the region. The sale of the towers to EdgePoint Philippines also cements EdgePoint's position as the fastest growing towerco in ASEAN, with a portfolio of 13,000 towers upon closure of the deal.
EdgePoint Philippines is a joint venture between EdgePoint, SMS Global Technologies Inc (SMS-GT) and ComWorks. SMS-GT has been a leading provider of site acquisition, power solutions and tower construction for over 25 years in the Philippines while ComWorks Inc is one of the country's largest wholesalers of telecommunications services and mobile network equipment.
