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In a deal worth Php77USD 1INR 111EUR 1CNY 10 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. Recently, Globe announced that it has 91 towercos since the start of 2022. Smart also announced that Sun Postpaid will fold into Smart Postpaid this April 25.
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the truth says:
and the telcos blame the lack towers because of the requirements needed to build one, when in fact they are avoiding the maintenance cost.
Justin says:
… and if these companies (edotco and EdgePoint) do a piss-poor job of maintaining the cell towers, pano na tayo? Nganga na lang tayong mga consumers?
Grabe! What a huge sell-off!
PROKID says:
what if they spent 1.5 billion dollars to go down the drain
Nationalism says:
Probably they’re (pldt) tired of dealing insurgents(npa) in not burning their cell sites by paying revolutionary tax
Danilo Escleto says:
ang dahilan po ng lahat ay ang bagong batas
Perfecto tenerife says:
Bka pwede po SA lugar nmin mbigyan Ng tower?
Ernesto Barro Jr says:
saan po b yun lugar nyo
Paulino Castillo says:
Starlink does not need tower. It will bec9me obsolete. Beside after election BBM will re power the NPC it has tower and self own telecommunications.
Danilo Escleto says:
starlink is only for wifi. it doesn’t onw any frequency. so its just a connectivity provider
Bright Bopols says:
They are futuristic because they know that Starlink Tesla of Elon Musk needs no tower to operate! Low orbit satellites that can give signals anywhere in the world is about to operate!