---
title: Phil-Tower, MIDC to form JV company - Developing Telecoms
description: Phil-Tower Consortium Inc (PhilTower) and Miescor Infrastructure Development Corporation (MIDC) revealed plans to form a joining-venture company to fuel the growing demand for 4G and 5G infrastructure in the Philippines. 
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date: 2024-02-13T10:25:28Z
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  ![Phil-Tower, MIDC to form JV company](https://developingtelecoms.com/images/stories/Places/800x600/Philippines-Cebu_City_600.jpg)  

 

Phil-Tower Consortium Inc (PhilTower) and Miescor Infrastructure Development Corporation (MIDC) revealed plans to form a joint-venture company to fuel the growing demand for 4G and 5G infrastructure in the Philippines.

The new joint-venture company will own both Phil-Tower and MIDC, with the purpose to maximise their geographic footprints to deliver improved connectivity for customers.

PhilTower operates 1,250 towers in three regions: Luzon, Visayas and Mindanao. MIDC has over 1,250 towers primarily in Luzon.

The companies noted there had been a surge in growth in the Philippines information and communications technology sector with investment approvals exceeding US$1.7b (PHP96.16 billion).

The new joint-venture company’s formation is subject to regulatory approval from the Philippines Securities and Exchange Commission and the Competition Commission.

 

 

   
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