TIGER Infrastructure Philippines, Inc. has secured a $40-million loan from the Asian Development Bank (ADB) to fund the construction of telecommunications towers that will cater to underserved areas in the Visayas and Mindanao.
“This project will improve access to the digital economy in the underserved regions of Visayas and Mindanao and have a tangible impact on the quality of life for local communities,” said Suzanne Gaboury, ADB’s private sector operations department director, said in a press release on Wednesday.
“We are confident that by working with ADB, Tiger can strengthen our digital infrastructure portfolio as we continue to respond to demand for reliable mobile network connectivity in Asia,” said Simon Skouboe, the Tiger Infrastructure group’s executive chairman. Cell Tower Services is said to be well established in the telecommunications towers business with projects around the world, while its partner is in customized design, engineering, procurement, construction, installation, and commissioning services for renewable energy systems across Asia and the Pacific.
According to the press release, the project will support common tower sharing, allowing several mobile network operators to lease the same location. Tiger Infrastructure will handle construction, land leasing, operation, and maintenance. Telecommunication equipment installed on the towers will belong to the tenants, it added.
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