The Philippines: the next towerco frontier?
Duterte administration introduces third telco player and proposes common tower policy
Formerly a sleeper market characterised by the cosy duopoly between Globe Telecom and Smart (PLDT), things became interesting in the Philippines in late 2017 when President Rodrigo Duterte decided to open up the country’s telecommunications sector by inviting foreign investors/players to challenge the dominance of the incumbents. This was followed by a proposal for a common tower policy, opening the flood gates for international towercos to seek an entrance, grow their footprint, and make a mark in this virgin tower market. Globe’s recent announcement on its interest to divest all or part of its tower assets further fueled excitement.