The Board of Investments granted green lane endorsement to the P50-billion common passive telecommunications tower infrastructure project of EdgePoint Tower Inc.
The BOI in a statement said Edge-Point Tower will build and lease towers for telecommunications and digital services providers in the Philippines, targeting to own and manage approximately 6,400 shared passive telecommunications towers nationwide by 2030.
The telco infrastructure project is expected to generate around 9,700 jobs.
EdgePoint Towers is a subsidiary of Malaysia -Malaysia-based telecommunication firm EdgePoint Infrastructure.
Aligned with the Philippine Development Plan 2023-2023’s goal of expanding and upgrading infrastructure, the project shall support the government’s initiative to enhance telecommunications services nationwide and increase connectivity, mobile network access, and internet penetration in unserved and underserved regions of the country.
The project will also provide access to the essential telecommunications infrastructure to enhance mobile telecommunications services and create a level playing field among new and existing mobile network operators.
The project aims to elevate the methods by which telecommunication infrastructure is developed, operated, and maintained in the Philippines. It will optimize tower design to use fewer materials and will begin using indigenous materials to replace steel elements.
To lower its carbon impact, the project will promote the use of renewable energy to power telecommunications infrastructure installations.
