The Aboitiz Group’s infrastructure arm is ramping up its cell tower construction business this year while signaling other investments will continue after slowing down in 2020 due to the COVID-19 pandemic.
Aboitiz InfraCapital Inc. announced on Friday a total capital spending budget of P13 billion in 2021—up by 250 percent from last year’s P3.7 billion.
Of this, P2.5 billion will be spent on building shared cell sites as the government encourages independent contractors to increase tower density and cut congestion in the country’s telecommunications networks.
In February, an Aboitiz InfraCapital subsidiary secured its certificate of registration as an independent tower company …
Keep on reading: Aboitiz Infra prepares for recovery, ramps up 2021 capex by 250%