Indonesian tower company Bersama Digital Infrastructure Asia has teamed up with homegrown investment firm Opti-Teknology Philippines Inc. invest in an independent builder and telecom tower operator in the country.
With the signing of the new share subscription agreement, Bersama Digital will own 51 percent and Opti-Teknology will acquire 49 percent of Alliance Towers Corp. The deal is scheduled to close in September.
The Philippine government has a standard tower policy to modernize the nation’s ICT infrastructure.
In support of this, Alliance Towers intends to work closely with all three major mobile network operators (MNOs) in the country, receiving tower orders from them. As of June 30, the company operates rigs in the Visayas and Mindanao.
The shareholders of Opti-Tek and Bersama Digital complement each other perfectly. They will provide Alliance Towers with long-term technical, financial and local support on the ground.
The local tower company was founded by Opti-Tek shareholders who are recognized business leaders and entrepreneurs with access to significant local resources.
The majority shareholders of Bersama Digital established PT Tower Bersama Infrastructure Tbk. in 2004 and continue to control it today. Since 2012, Tower Bersama has self-built over 12,000 of its nearly 21,000 towers in Indonesia, making it one of the leading organic tower manufacturers in the world.
“We are confident that Alliance Towers will be able to leverage Tower Bersama’s impressive track record as an organic builder and tower operator. Shareholders will actively support Alliance Towers in its quest to provide high-quality telecommunications infrastructure to improve the lives of Philippine mobile users,” said Sherwin Hing, Chairman of Alliance Towers and Director of Opti-Tek.
Enrique Y. Gonzalez, director of Alliance Towers and Opti-Tek, called the partnership a “major milestone” for their firm and industry. He said: “This strengthens our ability to deliver critical infrastructure to mobile operators.”
Bersama Digital Director Gavin Caudle said he was optimistic about the independent tower sector in the Philippines.
“We understand how important it is to have deep hands-on experience and capabilities,” he said, commending Opti-Tek’s shareholders for choosing to work with them. “We are committed to supporting the Alliance Towers management team as the company continues to build and operate an independent telecom tower network in the Philippines.”