Aboitiz’s subsidiary signs deal to build new telecom towers

Aboitiz InfraCapital, the infrastructure unit of the Aboitiz Group, signed a memorandum of understanding with the Department of Information and Communications Technology to build, operate and maintain a network of towers throughout the Philippines.

Under the MoA, part of Aboitiz InfraCapital’s responsibilities is to secure a binding contract with telecom operators in the country. Once this is secured, the company will discuss a memorandum of agreement with DICT.

Aboitiz InfraCapital chief operating officer Cosette Canilao said the signed document underscored the need to build a robust, modern and efficient telecommunication infrastructure which is crucial to the economic development of the Philippines.

She said that with the reputable and strong track record of the Aboitiz Group, the company was offering its services to provide a solution to such a pressing need.

“The Aboitiz group possesses extensive experience in building and operating utility networks, for example, through its distribution utilities Visayan Electric Co. Inc. and Davao Light and Power Co. Inc. Moreover, the Aboitiz group has established a strong track record on the management and execution of complex projects,” Canilao said.

Aboitiz InfraCapital, through sister company AboitizPower, would provide the expertise to find efficient solutions for the power requirements of the cellular towers, she said.

She said a strong nationwide presence, coupled with proven project development, execution and asset management capabilities, would enable the Aboitiz Group to implement its initiatives efficiently and maximize its full potential.

Among the other projects of Aboitiz InfraCapital are the Ninoy Aquino International Airport expansion, being a part of the Naia Consortium and the Bohol-Panglao International Airport operation and maintenance projects, both of which were granted original proponent status.

Aboitiz InfraCapital unit Apo Agua is currently constructing the country’s largest private bulk water supply facility in Davao City. It also has stakes in Lima Water Corp. and Balibago Waterworks Systems Inc.

Topics: Aboitiz InfraCapital , telecom towers , Department of Information and Communications Technology
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