As the Philippines welcomes more strategic investments that would create more jobs and accelerate economic recovery, the Department of Trade and Industry, through the Board of Investments (BOI), granted Green Lane Endorsement to the Common Passive Telecommunications Tower Infrastructure Project of EdgePoint Tower, Inc.
BOI Governor Marjorie Ramos-Samaniego awarded the certificate of endorsement to EdgePoint Tower representatives headed by its Chief Financial Officer (CFO) Mr. Vicente Francisco Araña at the BOI Main Office in Makati City on September 18, 2023.
EdgePoint Tower, Inc. will build and lease towers for telecommunications and digital services providers in the Philippines, targeting to own and manage approximately 6,400 shared passive telecommunications towers nationwide by 2030.
The Php50 billion telco infrastructure project is expected to generate around 9,700 jobs.
Aligned with the Philippine Development Plan 2023-2023’s goal of expanding and upgrading infrastructure, the project shall support the government’s initiative to enhance telecommunications services nationwide and increase connectivity, mobile network access, and internet penetration in unserved and underserved regions of the country.
The project will also provide access to the essential telecommunications infrastructure to enhance mobile telecommunications services and create a level playing field among new and existing Mobile Network Operators.