Frontier Towers Associates Philippines Inc. (FTAP) targets to spend more than $500 million over the next 10 years in rolling out telecommunication towers in the Philippines.
Keshav Venkatraman, vice president for strategy and corporate finance of FTAP, said by the end of this year, the company expects to spend $100 million.
Venkatraman said FTAP targets to roll out 3,000 to 4,000 towers in the next several years in the country, a significant proportion of which will be funded through dollar investments from Singapore.
He said FTAP aims to be a one-stop shop for all the infrastructure needs for its mobile network partners.
“Our longer term goal is to become an overall holistic infrastructure provider which would go beyond just telecom towers, but towards more 5G infrastructure, small cells, partnering with companies for fiber, partnering with companies with data centers,” Venkatraman said at the Philippines-Singapore Business and Investment Forum on Wednesday.
FTAP is among the companies holding a provisional license to build independent cell towers in the country.
The Department of Information and Communications Technology in November said the country targets to build enough cell towers to serve the needs of 89 million internet users by 2025. Around 178,000 cell towers are reportedly needed nationwide.– Irma Isip
