Meralco's MIESCOR Completes Transaction to Form One of the Largest Independent Tower Companies in the Philippines

​Meralco Industrial Engineering Services Corporation (MIESCOR), the Engineering, Procurement, Construction, and Operations & Maintenance Unit of the Manila Electric Company (MERALCO), proudly announces that MIESCOR Infrastructure Development Corporation (MIDC), a joint venture between MIESCOR and Stonepeak established in 2022, and PhilTower Consortium Inc. (PhilTower) have completed a transaction to form one of the largest independent tower companies in the Philippines.

This new entity is owned by a consortium of reputable global and local investors that includes MIDC’s existing joint venture partners MIESCOR and Stonepeak, in addition to Macquarie Capital, and Global Network Inc.
 
The partnership of MIDC and PhilTower creates a powerhouse in the Philippine TowerCo industry which offers strategic advantages that will not only strengthen network infrastructure but also significantly accelerates the rollout of wireless technologies for Mobile Network Operators (MNO) including Globe Telecom, Inc., Smart Communications, Inc., and DITO Telecommunity Corporation. This development will play a critical role in supporting the nation’s digital transformation and expanding access to mobile broadband services.
 
Richard Ochava, President and CEO of MIESCOR, commented on the successful completion of the transaction: "The partnership of MIDC and PhilTower represents a significant step forward in enhancing the country's telecommunications tower infrastructure. By combining the strengths of the two organizations, we are creating a new standard for infrastructure efficiency and service excellence, bringing us closer to achieving nationwide connectivity. This move will not only improve network coverage and ICT services but also have a broader impact in the country's socio-economic development by fostering digital inclusion and empowerment especially in underserved areas."
 
MIESCOR, through its Telecommunications Business Unit, is providing full turnkey and semi turnkey build and maintenance services to the Telecom Industry Operators. These services include telecom tower site construction and maintenance, build and maintenance of wired and wireless telecom systems, and end- customer services and solutions. MIESCOR remains committed to supporting the partnership of MIDC and PhilTower as they connect more Filipinos to the future of mobile broadband technologies and help propel the country toward a more inclusive and tech-driven economy.

MIESCOR is a wholly owned subsidiary of the Manila Electric Company (Meralco). With its unsurpassed experience and manpower strength of over 10,000, MIESCOR and its subsidiaries provide expertise in EPC, Distribution Utility and Pole Attachment Services, Telecommunications Services and Infrastructure, Logistics and Facilities Management, and Trading of high-quality electrical supplies and equipment. MIESCOR is one of the leading engineering and construction companies in the country, meeting global standards with its ISO 9001:2015 (QMS), ISO 14001:2015 (EMS), and ISO 45001:2018 (OSH) certifications.

Meralco (PSE:MER) is the largest private sector electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. Its franchise area of over 9,685 km2 is just 3% of the total land area of the Philippines, but accounts for 55% of the country’s electricity output. Meralco celebrates 121 years of service in 2024, committed to providing reliable and affordable energy.