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New Deal


Announced

Phil-Tower and Miescor Infrastructure Development to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Majority

Joint Venture

mobile network

Private

Pending

Domestic

Philippines

Telecommunications infrastructure

Synopsis

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Phil-Tower, a registered Common Tower Provider in the Philippines building shared telecommunications structures and facilities, and Miescor Infrastructure Development, an independent tower company specializing in the development, ownership and management of communication towers and infrastructure, agreed to form a joint venture to provide improved coverage for its mobile network operator clients and continue to drive investment in digital infrastructure in the Philippines. Financial terms were not disclosed. PhilTower and MIDC are both fast growing independent tower companies in the Philippines and this combination would enable them to maximize their complementary geographic footprints to provide better connectivity for their customers.

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