BOI approves P50-B telco infra project of Phil-Tower, Macquarie

The Board of Investments

(BOI) Thursday said it registered the telecommunications infrastructure joint venture project between independent tower firm Phil-Tower Consortium, Inc. and merger and acquisitions adviser Macquarie Capital worth PHP50 billion.

In a statement, the BOI said the approved project will involve the construction and operation of common telecommunications infrastructure facilities to improve internet connectivity across the country, especially in remote, unserved and underserved areas.

“Phil-Tower, as an enabler of 4G and 5G coverage for smart cities, will provide innovative outdoor solutions through camouflage sites, micro poles, green towers and smart poles as a regional pioneer of in-building solutions,” it said.

As of last year, Phil-Tower has built over 200 telecommunication towers and will be rolling out more of these infrastructures in the coming months.