MIESCOR Infrastructure Development Corporation (MIDC), a joint venture between Meralco Industrial Engineering Services Corp. and Stonepeak, has completed the merger with Phil-Tower Consortium Inc. (PhilTower) to create one of the country’s largest independent tower companies.
The new entity, backed by a consortium of global and local investors including MIDC’s existing partners MIESCOR and Stonepeak, as well as Macquarie Capital and Global Network Inc., aims to revolutionize the tower company industry.
The partnership creates a powerhouse that offers strategic advantages that will not only strengthen network infrastructure but also significantly accelerates the rollout of wireless technologies for mobile network operators (MNO) including Globe Telecom, Inc., Smart Communications, Inc., and DITO Telecommunity Corporation.
This development will play a critical role in supporting the nation’s digital transformation and expanding access to mobile broadband.
“The partnership of MIDC and PhilTower represents a significant step forward in enhancing the country’s telecommunications tower infrastructure. By combining the strengths of the two organizations, we are creating a new standard for infrastructure efficiency and service excellence, bringing us closer to achieving nationwide connectivity,” Richard O. Ochava, president and chief executive at MIESCOR, said.
“This move will not only improve network coverage and ICT services but also have a broader impact in the country’s socio-economic development by fostering digital inclusion and empowerment especially in underserved areas,” he added.
MIESCOR’s telecommunications business unit is providing full turnkey and semi turnkey build and maintenance services to the telecom industry operators.
These services include telecom tower site construction and maintenance, build and maintenance of wired and wireless telecom systems, and end customer services and solutions.
MIESCOR is committed to support the MIDC and PhilTower partnership as they connect more Filipinos to the future of mobile broadband technologies and help propel the country toward a more inclusive and tech-driven economy.
