Isoc Infrastructures Inc., a company led by a former co-founder of Megawide Constructions Corp., submitted an unsolicited proposal to the Department of Informations and Communications Technology to build common telecom towers for P100 billion in seven years.
“We are looking to build 25,000 towers nationwide in seven years for P100 billion,” Michael Cosiquien, chairman of ISOC Infra, told reporters in a news briefing Wednesday.
The company committed to invest about P20 billion in the first three years.
Consiquien said the unsolicited proposal aimed to provide solutions to upgrade telecom services through government initiatives. The company tapped OCK Vietnam Pte Ltd. as technical partner for the common tower project.
Jess Chua, president of ISOC Infra, said the tower-sharing model would be beneficial not only to the telco operators but also to the government, as the scheme would provide the necessary infrastructure to improve the country’s communication channels.