Aboitiz InfraCapital Incorporated will sell its telecommunication tower assets in the Philippines and explore leaseback opportunities in addition to constructing new common towers during 2022.  

Aboitiz is inviting telecom companies to submit requests for proposal to build new infrastructure with the aim of reducing the tower density to 0.55- 0.60 tower per 1,000 users, in line with the Government of Philippines’ target. The company has also announced that around 5,000 towers are available for auction during 2022.

The common tower initiative, which lets telcos share towers built by independent tower firms, was launched to help speed up the deployment of 50,000 new cellular towers required to boost telecom services in the Philippines.