ISOC, edotco open to partnering with Dennis Uy’s Dito
The group of business magnate Michael Cosiquien-led ISOC Infrastructure Inc. and Malaysia’s edotco Sdn Bhd is in talks with third telco player Dito Telecomunity Inc. for a possible partnership.
Cosiquien said negotiations involve building cell towers for Dito, a joint venture between Dennis Uy and China Telecom.
ISOC and edotco have formed a 50-50 joint venture corporation that will carry out their goal to upgrade the country’s telco infrastructure.
The new entity called ISOC edotco Towers Inc., will have an initial capital of $10 million.
Cosiquien said the new corporation plans to build 400 to 500 cell sites in its first year of operations.
Suresh Sidhu, CEO of edotco, said the joint venture company would invest up to $100 million in the next few years to build at least 1,000 cell towers across the country.
The group was earlier tapped by Globe Telecom to construct cell towers in the Calabarzon area.
“As we build these common towers line by line and bolt by bolt, millions of Filipinos will be able to connect with their families both domestic and abroad. Through this enhanced digital connectivity, opportunities would be opened, gaps would be bridged, and relationships nourished as we help create a much stronger and globally competitive Philippines,” Cosiquien was quoted as saying by the BusinessMirror.