Aboitiz InfraCapital in talks with telco providers for common tower projects

ABS-CBN News

Posted at Feb 14 2019 10:34 AM | Updated as of Feb 14 2019 11:14 AM

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MANILA - Aboitiz InfraCapital has begun discussions with telecommunication firms to address coverage gaps after it was recognized by the government as a potential common tower builder, its vice president said Thursday. 

Aboitiz group's infra unit will be allowed to secure contracts with telco operators under its memorandum of agreement with the Department of Information and Communications Technology (DICT), the company disclosed on Feb. 8. 

"We have begun talks with telcos. I believe it is important to better understand their needs so we know how to respond to those gaps in coverage that they see is very important to address first," Aboitiz InfraCapital vice president Jimbo Reverente told ANC. 

Reverente said the Aboitiz Group has an "extensive" experience in rolling out distribution networks in Visayas and Mindanao.

The DICT signed up several telco tower builders in January to hasten the roll out of cell sites in the country, officer-in-charge Eliseo Rio earlier said. 

The government wants 50,000 telco towers built in 7 to 10 years in a bid to improve internet connectivity and speed in the country, Rio said.