To better serve its growing consumers, specifically when it comes to data connectivity, Globe Telecom is planning to establish more telco towers across the country this 2022.
According to Globe’s CFO Rizza Maniego-Eala, they’re already in talks with numerous companies for this expansion.
“We are working with various tower companies for build-to-suit arrangements. We have 13 tower companies as vendors,” she said.
“Last year, we built over 1,200 towers and our plan is to be roughly in the same level this year,” Eala added.
This particular project is included in Globe’s P89-billion capital expenditures program for 2022, which aims to produce more cell sites, upgrade existing ones, deploy 4G and 5G radios, and add more fiber lines all over the Philippines.
Globe President Ernest Cu hopes that they’ll be able to rely on the government to continue its anti-red tape initiatives to fast-track infrastructure builds.
In 2021, Globe was able to expand its fixed-line and wireless networks through the construction of 1,407 new cell sites, the upgrading of over 22,300 mobile sites, the installation of more than 2,000 5G radios, and installed 1.4 million fiber-to-the-home lines.
Through this, the company’s full-year revenues jumped by 4 percent to P151.5 billion, driving core profits of P21.2 billion – an increase of 9 percent.
Want more news like this one? Head over to Nation Builder PH Infrastructure Section for the latest updates.
Image credit: Branislav Novak / EyeEm via Getty Images