Aboitiz InfraCapital Inc., the infrastructure business unit of Aboitiz Equity Ventures Inc., signed a cooperation agreement with Frontier Tower Associates Philippines Inc. to roll out new towers in the country.
“We are happy to announce our partnership with FTAP. Throughout our discussions, it has become clear that our values and objectives are strongly aligned,” Cosette Canilao, Aboitiz InfraCapital chief operating officer, said.
“We truly believe that we will be able to deliver a common tower solution that is fast and effective, paving the way for greater quality and coverage in the telecommunications sector,” Canilao said.
“Amid the country’s growth momentum and the government’s commitment to bolster further advancement, Aboitiz InfraCapital aims to build the right infrastructure that will advance business and communities,” she added.
Aboitiz InfraCapital will bring to the project the Aboitiz Group’s extensive experience in building and operating provincial utility networks, such as Visayan Electric Co., Davao Light and Power Co. and Cotabato Light and Power Co.
FTAP is a member of the Frontier Tower Associates Group, an established international tower operator and service provider, specialized in rapidly building high-quality towers. FTAP’s chairman founded the largest tower company in Myanmar before launching operations in Indonesia and the Philippines.
“We are pleased to join Aboitiz, a Group with a long-established tradition of integrity and excellence in Filipino infrastructure, to provide best-of-class common tower solutions that help wireless network operators to meet their goals of expanding the availability and quality of wireless voice and data services in the Philippines,” FTAP chairman Patrick Tangney said.
“We have rolled out and operated thousands of towers in the Asean region; our operations team has also in the past rolled out more than 1,000 towers in the Philippines that form a core part of existing mobile phone networks,” he said.
“In the runup to our launch, the FTAP-Aboitiz team has been conducting radio planning in a number of regions, developing tower designs specific to the Philippines, and building a land bank of site locations relevant for mobile phone companies,” he added.