Global Infrastructure SherpaMacquarie Capital and partners complete transaction to create one of the largest independent telecommunications tower companies in the Philippines
Macquarie Capital and its partners, including Stonepeak, Manila Electric Company, and Global Network Inc., have completed a transaction to merge PhilTower Consortium Inc. and Miescor Infrastructure Development Corporation, creating one of the largest independent telecommunications tower companies in the Philippines. This new entity will manage a portfolio of over 3,300 operational towers and a pipeline of more than 2,100 committed orders, aiming to meet the country's growing demand for connectivity and digital infrastructure. Macquarie Capital, a shareholder in PhilTower since 2021, also supported PhilTower's acquisition of up to 1,350 telecommunications towers from Globe Telecom Inc. as part of this strategic consolidation.
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- Merger creates an entity with over 3,300 operational towers.
- New company holds a pipeline of 2,100+ committed tower orders.
- Macquarie Capital, a PhilTower shareholder since 2021, also backed the acquisition of up to 1,350 Globe Telecom towers.
- Stonepeak, a leading international infrastructure investment firm, joins the investor group.
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