About 150 common towers will be built in Northern Luzon by Transcend Towers Infrastructure (Philippines) Inc., a wholly owned subsidiary of American Tower Corporation, under an agreement it signed with Globe Telecom.
Globe Chief Finance Officer Rizza Maniego-Eala said the memorandum of understanding (MOU) signed with Transcend Towers will 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 in sealing the deal with the American Tower Corp Subsidiary.
This is the third MOU signed by Globe after ISOC Infrastructure Inc. and Malaysia-based tower giant edotco Group Sdn. Bhd. last June and Aboitiz InfraCapital, and Frontier Tower Associates Philippines (FTAP) last July.
Globe’s thrust to build more communications towers in the country is in support of the common tower initiative of the Department of Information and Communications Technology (DICT).