The Department of Trade and Industry-Board of Investments (DTI-BOI) has fast-tracked the colossal telecommunications infrastructure initiative of Edotco Towers Inc., endorsing it through the ‘green lane.’ This expedited processing is a part of the One-Stop Action Center for Strategic Investments (OSACSI), in line with Executive Order 18 by President Ferdinand Marcos Jr., aimed at accelerating strategic investment projects by streamlining the permit and license issuance.
Edotco, with a robust investment plan of about P150 billion, is gearing up to establish 25,000 common telecommunications towers nationwide. This expansive rollout is set to revolutionize connectivity across both urban and rural landscapes, meeting the demands of Mobile Network Operators (MNOs) and bolstering the government’s objective to enhance mobile network accessibility and internet penetration, especially in underserved and remote areas.
The DTI-BOI has emphasized the multifaceted benefits of this venture, forecasting a boost in national employment rates and fostering growth in the domestic pool of skilled labor. This positive impact extends beyond the construction phase, permeating into the operations and maintenance sectors, ensuring sustained job creation.
Registered in 2018, Edotco, a subsidiary of the Malaysian infrastructure giant Edotco Group Sdn. Bhd., specializes in the construction, ownership, operation, maintenance, and leasing of telecommunications towers. With a vast portfolio of over 58,000 towers across nine countries, Edotco is not only a seasoned player in the industry but also stands as one of the pioneering foreign investors in the Philippines’ common tower segment.
This ‘green lane’ endorsement marks a significant stride towards enhancing the telecommunications infrastructure in the Philippines, promising a future of improved connectivity and economic growth.
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