Tower company iSON Tower Ltd. Inc. has secured a $42.43 million (P2.4 billion) loan from the Asian Development Bank for the building and operations of telco towers in the country.
MANILA, Philippines — Tower company iSON Tower Ltd. Inc. has secured a $42.43 million loan from the Asian Development Bank for the building and operations of telco towers in the country.
Once the towers are built, these are used by mobile network operations , while iSON handles the management of security and maintenance of the towers through 15-year lease agreements. The ADB said the project supports the multilateral lender’s operational priorities such as addressing poverty and reducing inequalities, accelerating progress in gender equality, and promoting livable cities.
The Bureau of Internal Revenue is in the final phase of its plan to impose a one percent withholding tax on online platform...
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