Proponents of a P50- billion telecommunication investment have sought the help of the Board of Investments (BOI) in facilitating the venture.
Representatives of Macquarie Capital, one of the leading mergers and acquisitions and public-private partnership advisors in the Philippines, and Phil-Tower Consortium Inc., one of the fastest-growing independent tower companies in the country, recently met with BOI officials to request the agency’s provision of investment facilitation services to hasten the implementation of the project.
The BOI offered to assist the proponents in processing their business permits and licenses and other concerns.
The joint venture project involves the construction and operations of shared telecommunications infrastructure facilities that will provide coverage and internet connectivity to Filipinos in remote, unserved, and underserved areas in the country.
Phil-Tower, an enabler of 4G and 5G coverage for smart cities, will provide innovative outdoor solutions through camouflage sites, micro poles, green towers, and smart poles as a regional pioneer of in-building solutions. Phil-Tower has rolled out more than 200 telecommunication towers as of 2022 and is eyeing to construct more in the following months.
BOI, through its Strategic Investments Aftercare Program, has a big role in ensuring the implementation of Executive Order No. 18, “Constituting Green Lanes for Strategic Investments.”
The order designates the BOI as the single point of entry for the endorsement of strategic investments qualified for green lane services.
