Deals
PLDT Picks Edgepoint, Edotco for $1.5 Billion Tower Deals
- Edgepoint in exclusive talks for 3,000 towers in Manila area
- Edotco entered into advanced talks for another 3,000 towers
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PLDT Inc., the Philippines’ biggest telecommunications and digital services provider by market value, has picked Edgepoint Infrastructure and edotco Group Sdn. as the preferred bidders for its local towers, people familiar with the matter said.
Edgepoint, backed by DigitalBridge and Abu Dhabi Investment Authority, is in exclusive talks with PLDT for a portfolio of about 3,000 towers in the greater Manila area, according to the people. Malaysia’s telecommunications tower firm Edotco has entered into exclusive discussions for another 3,000 towers outside of Manila, said the people, asking not to be identified because the matter is private.