Now Telecom Inc., a company led by the Velarde family, signed an agreement with Aboitiz InfraCapital Inc. and Frontier Tower Associates Management Pte. to roll out common tower facilities nationwide.
The parties agreed to discuss and negotiate the lease of build-to-suit sites, towers and passive telecommunications infrastructure and facilities that will be made available for the installation of NOW’s facilities and equipment to provide telecommunications and/or internet services.
Signatories to the MOU were NOW Telecom president Rodolfo Pantoja, NOW Corp. chief technology officer Rene Rosales, AIC chief operating officer Cosette Canilao and FTA executive chairman and CEO Patrick Tangney.
“We welcome the government’s initiative to foster tower sharing because it reduces the cost of deployment while also accelerating the network rollout as ‘difficult or costly to acquire’ sites become feasible as the cost is shared among operators,” Pantoja said.