GLO-Phil-Tower collaborate on cell sites
Globe Telecom Inc. has partnered with PhilTower Consortium Inc. to put up 500 new cell sites this year in its bid to give its subscribers “better, reliable, and accessible connectivity in the new normal.” “Our partnership with PhilTower will help us accelerate our cell site expansion. Consequently, this will bring better services to Globe subscribers in more locations in the country,” Vincent Tempongko, Globe VP for Site Acquisition, said. PhilTower President Devid Gubian said the company will use new technologies to make the towers more environmentally friendly, while ensuring efficiency. “As a communication solutions enabler and digital infrastructure provider, we help power critical digital network expansion needs through our innovative cell site technologies. We are introducing new and innovative solutions like the Micro Cell Poles that have alow impact and small footprint with capability to load in radios, battery backup within the pole for network densification,” he said. The towers will be deployed in Metro Manila, Northern Luzon, and Southern Luzon.
CEB returning flight routes
CEB said Manila-Boracay flights will be 5x daily starting 21 June, Manila-Bohol will operate daily. As of June, CEB is operating flights to Dubai, HK, Seoul, Tokyo & Singapore. In 2020, EB flights fell 71% to 41,804, passengers carried -78% to 5mn.
VVT sets P5bn capex
Cebu-based VVT is allocating P5bn in capex to support power projects until 2023. Part of their plans cover solar rooftop for about 10-11MW installed capacity, to achieve their RE portfolio of 100MW by 2023.
KPH sells Batangas lot
KPH signed agreements for the sale of its land rights in a property located in Bauan, Batangas. The buyer is a non-related third party.
SLI to re-ratify follow-on offer sale of shares
SLI will have shareholders approve on 25 June, the re-ratificaiton of the sale of up to P3bn shares of stock through a follow-on offer. No other details were given.
AGI benefits from strong sales in overseas markets
Alliance Global Group Inc. (AGI, P10.28, Neutral) has benefited from strong sales in foreign markets amid the negative impact of the COVID-19 pandemic on domestic businesses. The Andrew Tan-led conglomerate received a big boost from the increasing contribution of its foreign operations even amid the global pandemic, AGI CEO Kevin Tan said. At the height of the pandemic, AGI raked in revenues from its international whisky and brandy operations under Emperador Inc., which contributed the biggest share of 41 percent to AGI’s consolidated revenues during the period. Its whisky business is held by wholly owned Scotland-based Whyte and Mackay, while its premium Brandy de Jerez operations are carried out by Bodegas Fundador in Spain. All of Whyte and Mackay single malt whisky brands are growing in the UK, Europe, US, Canada and Asia, Tan said. Foreign property sales, through Megaworld International, also delivered significantly for the group despite the pandemic, Tan said. About 50 percent of its foreign sales came from North America, with the balance accounted for by homebuyers in Europe, the Middle East and Asia.