NOW Corp. unit NOW Telecom signed a common tower deal with Aboitiz InfraCapital Inc. (AIC) and Frontier Tower Associates Management Pte. (FTA) yesterday to reduce costs and accelerate its broadband network rollout nationwide.
Under the memorandum of understanding, the parties agreed to discuss and negotiate the lease of build-to-suit sites, towers and passive telecommunications infrastructure and facilities that will be made available for the installation of NOW’s facilities and equipment in order to provide telecommunications and/or internet services.
Last June, AIC and FTA signed a cooperation agreement for the development, construction, operation and maintenance of a common tower network. Together, they aim to provide passive wireless communications infrastructure, such as towers and poles for the use of wireless companies and internet service providers like NOW.
AIC will bring to this project the Aboitiz conglomerate’s extensive experience in building and operating provincial utility networks like the Visayan Electric Co. Inc., Davao Light and Power Co. Inc., and Cotabato Light and Power.
FTA, a member of established international tower firm Frontier Tower Associates Group, will bring the experience gained from rolling out and operating thousands of towers in Asean.
NOW sealed a multi-year agreement with UnionBank for the deployment of Now Fiber Air, its enterprise-grade broadband product, in the Aboitiz-led lender’s headquarters in Pasig City.
The company also entered into a strategic partnership with SK Telecom, South Korea’s largest telecom player, to develop fifth-generation (5G) and build a 5G standalone network in the Philippines.
NOW targets to provide 5G wireless network technology which will allow the delivery of up to 20 gigabits per second speed to enterprises and homes.