PLDT pioneers tower sharing in the Philippines to benefit all Filipinos, and for Smart customers to enjoy superior network quality, improved resilience, and even better customer experience.
PLDT announced today that its subsidiaries Smart and Digitel Mobile have signed Sale and Purchase Agreements in connection with the sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion, a landmark transaction that is expected to have far-reaching benefits for all.
This pioneer undertaking supports the Department of Information and Communications Technology’s goal of improving tower density which will lead to significant efficiencies and improved connectivity across the Philippines, thus benefitting the country and all Filipinos.
The winning bidders, a subsidiary of edotco Group and a subsidiary of EdgePoint, are backed by international groups with extensive experience in the telecom tower space. Both groups will bring to bear global best practices and technologies in operating the towers which should translate into better network quality, higher resilience and faster recovery from typhoons and other natural calamities. edotco Group manages over 54,000 towers across nine countries in Asia and is majority- owned by Axiata Group, a major telecom operator across Asia. EdgePoint, on the other hand, owns approximately 10,000 towers across Indonesia and Malaysia and is backed by DigitalBridge Group, Inc., a leading global digital infrastructure investment firm with over US$ 45 billion in assets under management.
