Globe has signed a memorandum of understanding (MOU) with Transcend Towers Infrastructure (Philippines) Inc., a wholly owned subsidiary of American Tower Corporation, to build more towers in the Philippines.
In support of the common tower initiative of the Department of Information and Communications Technology (DICT), the agreement will have Transcend Towers build an initial 150 sites for Globe in North Luzon.
Globe Chief Finance Officer Rizza Maniego-Eala said that American Tower Corp Subsidiary 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.
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.