Philippines-based Alliance Towers revealed it will cut back on its targeted 500 tower build-out plan down to 200 this year due to the pandemic.
The company’s chief operating officer Alvin Tolentino told a media briefing the towers will be for the Philippines' three operators Dito Telecommunity, Smart Communications and Globe, reported Business World.
The company will spend around PHP40 billion (US$767m) over the next 10 years, said CEO Sherwin Hing. Tolentino said Alliance struck a deal with Globe only recently to construct towers in Visayas and Mindanao.
More than 40 towers were built for Dito and Smart during the pandemic according to CEO Sherwin Hing, and 80% of Alliance’s towers currently connect Globe.
The Philippines revamped its network sharing rules in 2020 when Dito became the third operator in the Southeast Asian market, a move to boost coverage as the nation’s data demand rises.
Business Mirror reported, that Alliance is also looking to foreign investors and joint ventures to go “full speed ahead” in the capital intensive space of tower construction.