Globe Telecom Inc. has signed a tripartite agreement with two common infrastructure providers to build 150 telco towers. The move is a bid to accelerate information and communications technology (ICT) infrastructure progress in the country.
Globe, an Ayala Corp. unit, signed a memorandum of understanding (MOU) with ISOC Infrastructure Inc. and Malaysia-based edotco Group Sdn. Bhd. to aid the Department of Information and Communications Technology’s (DICT) common tower initiative.
“ICT infrastructure is the foundation of a highly-connected digital economy,” Ernest Cu, Globe CEO and president, said. “There is still a large gap to fill so we can be at par with our neighbors in terms of infrastructure.”
Furthermore, Globe claims to have been the first local player to have acquired the services of common tower companies to expand its network. ICT chief Eliseo M. Rio was pleased with the development, saying it would help significantly in increasing tower density. Rio also said DICT will sign a memorandum of agreement that will help facilitate permits for sites covered in the MOU signed Monday.
Apart from locating sites for the new towers, Globe will be leasing infrastructure for the new venture.
DICT is intent on building around 50,000 common towers in the next seven to ten years. The agency is expected to release a more defined policy on ICT infrastructure this September.