In a bid to diversify its revenue channels, Megawide Construction Corp. is keen on establishing a digital infrastructure portfolio, which have been proven to be crucial in ensuring business continuity. | TyronePiad /PDI
He earlier shared they have already signed the preliminary documents for this venture with a foreign partner, but declined to give further details yet due to confidentiality concerns.
“In addition, we also see a promising market in the digital infrastructure space due to technological advancements. We see very attractive growth opportunities in this industry,” he said. Recently, Megawide and GMR Airports International BV—which comprise the GMR-Megawide Cebu Airport Corp.—inked a P25-billion share subscription and transfer agreement with Aboitiz InfraCapital involving the Mactan Cebu International Airport. By 2024, the Aboitiz-led company will fully take over the Cebu airport.
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