Now Telecom Company Inc. signed a memorandum of agreement (MOA) with a subsidiary of US-based tower company as part of its strategy to offer 5G services in the country.
Now Telecom and SBA Towers Philippines Inc., a unit of NASDAQ-listed firm SBA Communications Corp., are negotiating the lease of build to-suit sites, towers and passive telecommunications infrastructure and facilities where NOW can install equipment to provide telecommunications and internet services.
The agreement is part of the roadmap of the NOW Group to provide 5G or the fifth generation wireless network technology that will allow the delivery of up to 20 gigabit per second speed to enterprises and homes.
“It is an integral policy in NOW Group’s roadmap to partner with trusted vendors that are part of the Clean Network. We look forward to working with SBA Towers Philippines whose expertise is providing support to operators like NOW to achieve our vision,” said NOW Telecom president and chief operating officer Rene Rosales.