TeleGeography Logo

Globe's new independent tower company approved by securities regulator

23 Aug 2018

The Securities and Exchange Commission (SEC) in the Philippines has formally approved a request from Globe Telecom to establish an independent tower company tasked with installing cell towers across the country to deliver telecommunication services to its own subscribers and other operators. In a disclosure to the Philippine Stock Exchange (PSE), Globe confirmed that the SEC has approved the incorporation of GTowers, adding: ‘The establishment of a tower company will help speed up the building and deployment of cellular towers in the country’. Previously, the Ayala-led telco had said it would offload its entire tower asset portfolio in favour of the newly-established tower company – upon approval by the SEC. Further. It notes that GTowers may also lease capacity to ‘existing and new telcos’ to improve services and fulfil the government’s ambition to encourage a third telco to enter the market.

The Department of Information and Communications Technology (DICT) is hoping to accredit two independent tower companies by the first quarter of 2019, followed by a six-month building period for its common tower policy. The lack of towers is often cited as one of the barriers to entry in the Philippines: currently, there are fewer than 20,000 towers serving 100 million subscribers – approximately 50,000 additional towers are needed to handle current and anticipated levels of voice and data traffic.

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.