Aboitiz InfraCapital allots ₱13B for 2021, targets in

Aboitiz InfraCapital allots ₱13B for 2021, targets involvement in PH tower-sharing market


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Metro Manila (CNN Philippines, March 12) – Aboitiz InfraCapital, Inc. is boosting its spending this year to ₱13 billion, with almost a quarter earmarked for its common tower business.
In a statement on Friday, Aboitiz Group's infrastructure arm said capital expenditures for 2021 are 250% higher than the ₱3.7 billion it coughed up last year.
"COVID-19 may have affected our short-term plans, but we remain committed to our businesses, and to the same growth pathway and trajectory," Aboitiz Group President and CEO Sabin Aboitiz was quoted as saying in the statement.
As the government continues to put pressure on telco players to improve their services amid the COVID-19 pandemic, Aboitiz InfraCapital sees this as an opportunity to join incumbents' network buildup.

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