The Board of Investments (BOI) has given a green lane certification to EDOTCO Towers Inc. for its P150-billion telecommunications infrastructure project.
Ceferino Rodolfo, BOI managing head, handed the Green Lane Certificate of Endorsement to Suraj Narayanan Kutty, the company’s president and country managing director in Makati City recently.
Rodolfo said EDOTCO plans a balanced rollout of 25,000 common telecommunications infrastructures across urban and rural areas, addressing the needs of mobile network operators
in introducing new technologies such as 5th Generation mobile broadband networks and large-scale Internet of Things (IoT) applications.
According to BOI, EDOTCO will utilize non-conventional energy resources such as photovoltaic systems, wind, biomass, fuel cells, energy storage systems, or hybrid solutions.
EDOTCO will also utilize different analytics software to ensure continuous improvement in the operations of the network and avoid or minimize outages at sites.
The green lanes for strategic investments were established through Executive Order No. 18, which was approved by the Office of the President in February last year. Green lanes aim to hasten, simplify, and automate the permit and license application processes for strategic investments in the Philippines.
EDOTCO is a wholly owned subsidiary of EDOTCO Group Sdn. Bhd., a Malaysian-based entity was the first foreign investor in common towers in the Philippines.
