OCK teams up with ISCO for Philippines venture

As the value of the company is tied to the performance of the company, it is in the interest of the warring shareholders to argue and fight outside the company.

KUALA LUMPUR: Telecommunications network solutions provider OCK Group Bhd has entered a memorandum of understanding with ISCO Infrastructures Inc to pursue tower business opportunities in the Philippines.

Under the terms of the collaboration, OCK's unit OCK Vietnam Tower Pte Ltd and ISCO will jointly acquire, install, operate, maintain and manage telecom tower assets in the Philippines,  concentrating in the new towers roll-out/ greenfield projects and potential sale-and-leaseback project from mobile telecom operators. 

"The Philippines’ telecommunication industry has tremendous potential for growth as it trails its ASEAN counterparts with regards to telecommunication infrastructure. 

"Philippines has the lowest telecom towers per capita at 152 towers per 1 million capita versus the ASEAN average of 579. Furthermore, Philippines' 4G access is also the lowest at 59% versus the ASEAN average of 72%," the group said in a press statement.
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