Asian Development Bank allocates US$40 million loan for building telecom towers in the Philippines

To provide a full range of mobile and data services to Filipino mobile users, a US$40 million loan has been signed by the Asian Development Bank (ADB) and Tiger Infrastructure Philippines, Inc. As of 2021, an estimated 164 towers per 1 million people or about 27,000 telecom towers had been installed in the Philippines. To connect the unconnected, the government of the Philippines estimates that an additional 60,000 towers are needed by 2031. The loan will fund 380 telecommunications towers in the Mindanao and Visayas regions.