Globe Telecom Inc. and Skytowers Infra Inc., a Philippine subsidiary of Thai firm Sky Tower Plc., on Monday announced that they had initiated a tower leasing partnership, covering several towers in Southern Luzon.
The statement said that the partnership is a testament to the strong relationship between the Philippines and Thailand, and their commitment to promoting economic growth and development.
This is aligned with the company’s overall strategy to monetize passive assets to maintain a healthy balance sheet.
Complementing Globe’s sustainability efforts, the tower company is determined to reduce its carbon footprint by using renewable energy to lessen fossil fuel consumption.
Not only the Southern Luzon, Globe and Skytowers are now also exploring the possibility of expanding similar tower leasing partnerships in the Visayas and Mindanao areas.
“This partnership represents an important step in improving digital infrastructure in the Philippines, and we are excited to work with Skytowers to bring sustainable solutions to the market. We look forward to further strengthening our relationship with Thailand in this venture and other areas of collaboration,” Ernest Cu, president and chief executive officer of the Globe Group, said.
Officials from Globe and Thailand, led by their Ambassador to the Philippines Tull Traisorat, had a recent dinner to celebrate the partnership between Globe and Skytowers Infra Inc.
Skytowers Infra Inc. is affiliated with Electric Power and Telecommunication Infrastructure, which has extensive experience in engineering, design and manufacturing of infrastructure build. It offers telecom services and T3 Technology for broadband/fiber optic solutions in markets such as Thailand, Malaysia, Vietnam and Indonesia. Former ambassador of Thailand to the Philippines Thanip Upatising is the firm’s chairman of the board.