In a deal worth Php77 billion, PLDT has officially sold close to 6,000 cell towers and related passive telecom infrastructure of Smart and Sun Cellular to foreign investors. The cell towers were sold to edotco and EdgePoint, making the two foreign companies the largest common tower operators in the Philippines. PLDT will also be renting these same towers for the next 10 years for use with Smart's network. The move is said to free PLDT from costly maintenance of these towers in the long run. At the same time, since these towers are operated by 3rd party companies, other carriers (like Globe and DITO) are now able to rent the same instead of building their own towers in those areas. Globe has said there are 340 new cell towers built in Metro Manila and 230 in North Luzon. At least a hundred or more new cell towers were also installed in South Visayas and Mindanao. Read more in our articles including "5,907 Smart, Sun Cellular towers sold for Php77 billion" and "Globe's 2021 cell tower builds are up 82% more vs 2020".
In a deal worth Php77 billion, PLDT has officially sold close to 6,000 cell towers and related passive telecom infrastructure of Smart and Sun Cellular to foreign investors. The cell towers were sold to edotco and EdgePoint, making the two foreign companies the largest common tower operators in the Philippines.
PLDT will also be renting these same towers for the next 10 years for use with Smart's network. The move is said to free PLDT from costly maintenance of these towers in the long run. At the same time, since these towers are operated by 3rd party companies, other carriers (like Globe and DITO) are now able to rent the same instead of building their own towers in those areas.
Our coverage of edotco towers includes: "5,907 Smart, Sun Cellular towers sold for Php77 billion"; "Globe's 2021 cell tower builds are up 82% more vs 2020"; "BPI partners with Robinsons Retail for barcode cash deposits in stores". Each article provides unique insights and information.