The Department of Trade and Industry (DTI), via the Board of Investments (BOI), is giving EdgePoint Tower’s Php50-billion infrastructure project a fast track as part of the government’s objective to accelerate strategic investments in the country. The telco tower project aims to enhance internet penetration and telecommunications services.
Awarding the certificate of endorsement to EdgePoint Tower representations, headed by Chief Financial Officer (CFO) Mr. Vicente Francisco Araña, is BOI Governor Marjorie Ramos-Samaniego at the BOI Main Office in Makati City last September 18.
Leveraging the country’s trajectory towards digitalization, EdgePoint Tower looks to establish and rent 6,400 shared communications towers by 2030. Alongside this objective also comes the opening of 9,700 jobs to Filipinos.
More specifically, the business project coincides with the Philippine Development Plan 2022-2023 for infrastructure expansion and upgrades, enhancement of telecommunications services, better connectivity, and boost internet penetration to underserved regions.
Likewise, the project also seeks improvements in the mobile telecommunications services space through the provision of access to required telecommunications infrastructure as well as an equal opportunity among existing and new Mobile Network Operators.
With constant innovation and being up-to-date with the latest technology, the project is looking to bring the methods of developing, operating, and maintaining telecommunication infrastructure in the country to the next level.
With efficiency, the project seeks to utilize fewer materials for the tower design and would consider substituting indigenous materials for steel elements.
Making the undertaking eco-friendly, the project promised to resort to the use of renewable energy during telecommunications infrastructure installations to reduce its carbon emissions.
Source: PIA