UPDATE EdgePoint Infrastructure, an ASEAN-based telecommunications infrastructure company backed by DigitalBridge, has entered the Philippine market, following the signing of a Sale & Leaseback agreement between Smart Communications Inc, Digitel Mobile Philippines, Inc. (DMPI) and Comworks Infratech Corporation (EdgePoint Philippines). The agreement entails the sale of 2,934 towers in the Luzon Island group by Smart and DMPI – wholly-owned wireless communications and digital services subsidiaries of PLDT Inc., one of the Philippines’ largest carriers, to EdgePoint Philippines.
Following the sale, Smart will lease the towers from EdgePoint Philippines to serve its mobile communications and high-speed internet connectivity needs in the region. With the sale, EdgePoint has amassed a portfolio of 13,000 towers.
“We are excited about EdgePoint’s expansion into the Philippines, one of the most interesting wireless growth markets we’ve seen in recent times,” said Justin Chang, Managing Director, Head of Asia, DigitalBridge Investment Management. “EdgePoint’s entry into this market further strengthens its position in the high growth Southeast Asia region, and represents another significant milestone for its development into one of the leading digital infrastructure providers in the 5G age. DigitalBridge is committed to supporting EdgePoint’s growth ambitions and we are excited about the opportunity set we see ahead,” Chang said.
With operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and Comworks Infratech Corporation respectively, the company said it is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems.
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