Aboitiz InfraCapital Inc. is setting its sights on the cell sites being offered for sale by PLDT as part of efforts to help expand the country’s telco infrastructure.
Cosette Canilao, Aboitiz Infra Capital president and CEO, said they were vying for PLDT’s cell sites after the telco giant Invited interested parties to submit bids for its non-strategic assets on November 9.
“Yes , as a matter of fact we are assessing the opportunity. We will actually participate in the process,” said Canilao.
PLDT president and CEO Al Panlilio said 21 groups have signified their interest to acquire its cell towers.
The telco giant has mandated UBS as financial adviser for the transaction.
In April this year, Aboitiz InfraCapital partnered with leading global private markets firm Partners Group to establish a telecommunications infrastructure platform called Unity Digital Infrastructure, Inc. (Unity).
This was in line with the government’s efforts to improve the country’s internet connectivity in local communities by increasing the number of cell sites of mobile network operators (MNOs).
Under the common tower business model, MNOs can co-locate on Unity’s tower assets to help fast-track expansion, increase service reliability, reduce costs, and lessen redundant sites.