American firm SBA Communications Corp. is investing P10.76 billion for its project to build a total of 1,470 telecommunications towers in the country over a five-year period.
Trade and Industry Secretary Ramon Lopez, who recently met with SBA officials in Washington DC, said the Board of Investments approved SBA’s project registration last year, but only revealed the project Monday, April 25.
During the meeting, Lopez said that Van Slyck mentioned the company’s goal of building 180 telecommunication towers in 2022 and its talks with mobile network operators Smart, Globe, and Dito, which have been very receptive to SBA’s shared tower model. At present, the company has installed 20 towers and is expecting to build 42 more by the end of the quarter.
Van Slyck also commended the process of obtaining business permits in the country, highlighting that it has been much easier now and that dealing with the Philippines “really stands out.” He also noted the strong government support to the business sector, which they said should be carried on to the next administration.
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