NOW Telecom negotiating deal to lease towers to aid 5G rollout

Filipino operator NOW Telecom has inked a memorandum of understanding (MoU) with SBA Towers Philippines – a unit of NASDAQ-listed SBA Communications Corp – as part of its planned 5G rollout and network expansion plans. In a stock market filing dated 22 July, NOW Telecom confirmed that negotiations are underway concerning the leasing of build-to-suit sites, towers and passive telecoms infrastructure and facilities. ‘This is part of the roadmap of the NOW Group of providing 5G … which will allow the delivery of up to 20Gbps speed to enterprises and homes,’ it said.