MIESCOR Infrastructure Development Corp. (MIDC), a joint venture between Meralco Industrial Engineering Services Corp. and Stonepeak, merged with Phil-Tower Consortium Inc. (PhilTower) to create one of the Philippines’ largest independent tower companies.
The new entity, backed by a consortium of global and local investors including MIDC’s existing partners MIESCOR and Stonepeak, as well as Macquarie Capital and Global Network Inc., aims to revolutionize the Philippine tower company sector.
The partnership of MIDC and PhilTower creates a powerhouse in the Philippine TowerCo industry which offers strategic advantages that will not only strengthen network infrastructure but also accelerates the rollout of wireless technologies for mobile network operators (MNO) including Globe Telecom Inc., Smart Communications Inc. and DITO Telecommunity Corp.
It will also play a critical role in supporting the nation’s digital transformation and expanding access to mobile broadband.
“The partnership of MIDC and PhilTower represents a significant step forward in enhancing the country’s telecommunications tower infrastructure. By combining the strengths of the two organizations, we are creating a new standard for infrastructure efficiency and service excellence, bringing us closer to achieving nationwide connectivity,” MIESCOR president and chief executive Richard Ochava said.
“This move will not only improve network coverage and ICT services but also have a broader impact in the country’s socio-economic development by fostering digital inclusion and empowerment especially in underserved areas,” he said.
MIESCOR, through its telecommunications business unit, is providing full turnkey and semi turnkey build and maintenance services to the telecom industry operators.
These services include telecom tower site construction and maintenance, build and maintenance of wired and wireless telecom systems, and end customer services and solutions.
MIESCOR said it remains committed to supporting the partnership of MIDC and PhilTower as they connect more Filipinos to the future of mobile broadband technologies and help propel the country toward a more inclusive and tech-driven economy.
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