Global technology conglomerate iSON Group plans to invest up to $300 million over the next decade to build 3,000 to 4,000 new telecommunication towers in the Philippines, with a focus on rural areas.
The company’s telco unit, iSon Tower, revealed the plan during a meeting between its chairman, Vivek Gupta, and Philippine President Ferdinand R. Marcos Jr. during the president’s state visit to India.
Under the Department of Information and Communications Technology’s Common Tower Initiative, iSon Tower said it will construct 300 to 400 towers annually.
The project aims to reduce infrastructure duplication and promote cost-efficient network expansion for major mobile operators, while also generating jobs for local contractors across the country.
“Their work in building telecom towers directly supports our goal of bringing reliable mobile and internet services to remote communities while creating high-quality jobs for Filipinos,” said Trade Secretary Ma. Cristina Roque.
The Department of Trade and Industry (DTI) will coordinate with other government agencies to facilitate regulatory approvals and provide incentives under the CREATE MORE Act and the Strategic Investment Priority Plan (SIPP).
iSON Group operates in 35 countries with over 20,000 employees. The company’s Philippine headquarters is in Bonifacio Global City, Taguig. iSon Tower has built 400 towers nationwide to date.
