hero_enhancing_digital_connectivity_in_the_philippines
Infrastructure
| Sector | Infrastructure |
| Sub-sector | Digital |
| Location | Philippines |
PhilTower is one of the fastest-growing independent telecommunications tower companies in the Philippines and serves all three major mobile network operators (MNOs). Its shared infrastructure enables MNOs to rapidly and cost effectively expand network coverage amongst the country’s population and meet growing demand for 4G and 5G services.
Macquarie Capital also acted as the exclusive financial advisor to PhilTower for the sale and leaseback transaction.
Outcome
PhilTower’s expansion into Visayas and Mindanao regions in the Philippines as a result of this transaction will give the company a truly nationwide reach. The long-term strategic partnership with MNOs allows it to bring efficiency, cost savings and faster expansion, and further strengthen digital infrastructure in the Philippines.
The acquisition enables PhilTower to enhance digital connectivity and expand its reach into local communities that could benefit from better mobile network access, a key economic driver for the Philippines.
expected funds to be raised
towers acquired
Our ongoing support for PhilTower and involvement in this transaction highlights Macquarie’s continued commitment to growing critical digital infrastructure in the Philippines and cementing PhilTower’s position as a leading independent tower company in the nation."
Ivan Varughese,
Senior Managing Director and Head of Infrastructure and Energy Capital, Asia Pacific, Macquarie Capital
At Macquarie Group's 2023 Annual General Meeting, we showcased how Macquarie Capital is helping PhilTower expand critical digital infrastructure for mobile operators in the Philippines – enhancing digital connectivity for local communities.
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