Globe Telecom Inc. on Tuesday said it signed a memorandum of understanding with Transcend Towers Infrastructure (Philippines) Inc., a wholly owned subsidiary of American Tower Corp., to build more towers in the Philippines.
Under the agreement, Transcend Towers will build an initial 150 sites for Globe in North Luzon in support of the common tower initiative of the Department of Information and Communications Technology.
Rizza Maniego-Eala, Globe chief finance officer, said the American Tower unit would play a critical role in improving the density of Globe’s sites in North Luzon.
“There is a significant need to accelerate our infrastructure build for our customers to fully enjoy the benefit of a digital lifestyle,” Maniego-Eala said.
This is the third agreement signed by Globe after deals with ISOC Infrastructure Inc. and Malaysia-based tower giant edotco Group Sdn. Bhd. in June and Aboitiz InfraCapital, and Frontier Tower Associates Philippines in July.
Aboitiz-Frontier Towers will focus on improving connectivity in Cebu, Davao and Olongapo by building and deploying the needed telco infrastructure in the most efficient way.