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Published March 12, 2021, 2:03 PM
Aboitiz InfraCapital, Inc. has increased its 2021 capital expenditures (capex) by 250 per cent to P13 billion, with P2.5 billion alloted for common towers.
“COVID-19 may have affected our short-term plans, but we remain committed to our businesses, and to the same growth pathway and trajectory,” said Aboitiz Group President and CEO Sabin Aboitiz.
“We are here for the long haul and we will continue to take bold and deliberate steps to achieve our growth objectives,” he added.
Supporting government’s thrust to improve digital connectivity in the Philippines, the company earmarked P2.5 billion specifically to deploy mobile network operators’ (MNOs) small cells into its pole network and to construct macro towers.