NOW CORP. on Tuesday said it signed a deal with Aboitiz InfraCapital, Inc. (AIC) and Frontier Tower Associates Management Pte (FTA) for the use of common telecommunications infrastructure, such as telco towers.
In a disclosure to the stock exchange on Tuesday, Now said the company and its affiliate Now Telecom Company, Inc. signed the memorandum of understanding (MoU) with AIC and FTA.
“The MoU will enable the parties to collaborate for the commercial use of shared infrastructure specifically for the lease of build-to-suit sites, telco towers, and passive telecommunications facilities and equipment for Now Telecom’s installation of telco facilities and equipment,” the listed firm said.
Now said they will work on using the AIC’s existing assets to support the telco’s expansion around the country.
FTA is a member of the Frontier Tower Associates Group, an international tower operator and service provider.
“We welcome the government’s initiative to foster tower sharing because it reduces the cost of deployment while also accelerating the network rollout as ‘difficult or costly to acquire’ sites become feasible as the cost is shared among operators,” Now Telecom President Rodolfo P. Pantoja was quoted as saying. — ALB