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IFC invests $70m into the Philippines tower economy

A loan and a parallel facility will be user to deploy hundreds of mobile infrastructure points across the country, in a boost to 4G and 5G networks.

By TTC Newsroom

3 Mins

August 07, 2022 | 4:37 PM BST

IFC invests $70m into the Philippines tower economy

Marc Arbogast, IFC Country Manager for the Philippines. Source: IFC

The Tech Capital

Washington-based International Finance Corporation (IFC) has arranged a financing package worth US$70 million to help bridge the digital divide through shared mobile infrastructure in the Philippines.

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