The Philippines needs up to 4,000 new telecommunications towers to meet the demand for connectivity and to expand 5G coverage, according to independent operator EdgePoint infrastructure.
“We think the Philippines will need roughly between 2,000 and 4,000 new sites every year, depending on the cycle,” said EdgePoint CEO Suresh Sidhu.
According to the official, EdgePoint aims to widen its tower building business in 2023, adding that it’s already in talks with a number of tower operators in the country to collaborate in some projects.
“I think we are always open to acquiring more (telco towers). The focus is to build towers, and so we are in a discussion with tower operators,” he added.
EdgePoint, through its subsidiary Comworks Infratech Corp., bought 2,934 telco towers from PLDT Inc. in April this year for P35 billion, its first transaction in the country.
Apart from the Philippines, EdgePoint also invested $1.5 billion to operate towers in Southeast Asian countries like Indonesia and Malaysia.