Macquarie Capital, the advisory, capital markets and principal investment arm of Macquarie Group, announced the financial close of its investment in Phil-Tower Consortium Inc., one of the fastest-growing independent tower companies in the Philippines.
Phil-Tower is a shared digital infrastructure provider, enabling mobile network operators to rapidly and cost effectively expand their network coverage and meet growing demands for 4G and 5G services.
With over 15 years of commitment to the Philippines, Macquarie Capital is one of the leading M&A and public-private partnership advisors in the Philippines with over $20 billion in deals executed, with a growing focus on digital infrastructure investments.
Through Phil-Tower, Macquarie Capital aims to facilitate the development of telecommunication infrastructure in the Philippines to enhance connectivity and mobility for local mobile users.
“We are excited to work with PhilTower’s highly experienced management team and look forward to supporting PhilTower as it responds to the growing infrastructure and connectivity needs of the Philippines,” said Ivan Varughese, senior managing director of Macquarie Capital.
Devid Gubiani, president of PhilTower, said, “with Macquarie Capital’s investment, we will increase the momentum of our aggressive roll out as well as expand geographically.”
“We are very bullish on the growth potential of the shared infrastructure industry and we continue to support the DICT’s vision for a connected Philippines. PhilTower is very proud to be at the forefront of nation building initiatives that will improve the lives of Filipinos.”
Phil-Tower is rolling out more than 1,000 sites across the Philippines for the mobile operators. “As the country gears for significant progress in internet speed and reach, PhilTower will continue to be a key player in ensuring that businesses and individuals will have access to the latest technologies that will bridge the digital divide. We are committed to implementing the best practices in our roll-out, gained from our mutual experiences in operating shared infrastructure businesses across the world,” Gubiani said.
Macquarie Capital has over $25 billion of infrastructure projects under construction or development and is an industry leader across transportation, social, communications, renewable energy, and conventional energy infrastructure.