Unity Digital Infrastructure, a joint venture between Aboitiz InfraCapital (AIC) and Partners Group (acting on behalf of its clients), through their portfolio company Terra Digital Philippines Corporation, have signed a sale and purchase agreement and a master agreement with PLDT Inc., through its subsidiaries Smart Communications and Digitel Mobile Philippines, for the acquisition of 650 telecommunications towers and related passive telecommunications infrastructure for PHP 9.2 billion ($170 million) through a sale and leaseback transaction.
“The Philippines is a rising technology powerhouse and one of Asia’s fast growing digital economies. However, despite the country’s increasing reliance on digital technologies, it is behind other Southeast Asian countries in terms of network connectivity,” said Andrew Kwok, a managing director, head privateinfrastructure Asia, Partners Group. “We see Unity playing a key role in addressing this gap through building a tower portf
