Aboitiz Infracapital earmarks P13B capex in 2021

·1 min read

ABOITIZ InfraCapital Inc. is earmarking over P13 billion in total consolidated capital expenditures (capex) with its partners this year for the rollout of various projects, including its Common Towers initiative.

The capex is around a 250 percent increase from the P3.7 billion it spent in 2020. In support of the government’s thrust to improve digital connectivity in the Philippines, the company plans to spend about P2.5 billion for passive digital infrastructure in 2021.

This involves ramping up the deployment of mobile network operators’ (MNOs) small cells into its pole network and the construction of macro towers.

In February, an Aboitiz InfraCapital subsidiary secured its Certificate of Registration as an Independent Tower Company from the Department of Information and Communications Technology.

The subsidiary is now working on the rollout of its pilot towers with MNOs.

Meanwhile, some P6.5 billion or majority of its capex has been set aside for water projects, particularly for the construction of Apo Agua Infrastructura Inc.’s bulk water supply project with Davao City Water District.

Aboitiz InfraCapital has also budgeted P2.8 billion for land acquisition and redevelopment efforts, to further consolidate its foothold in existing assets and transform its industrial parks into smart and fully integrated economic centers.

It also allocated about P1.2 billion to fund the development of other projects in the pipeline. (PR)