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Globe Telecom, a major provider of telecommunications services in the Philippines, is seeking to increase the number of cell sites nationwide and is expanding its network of partner tower providers. The company has signed a memorandum of understanding (MOU) with Transcend Towers Infrastructure (Philippines), a wholly owned subsidiary of the global infrastructure firm American Tower Corporation (ATC), to build shared telecoms towers in the Philippines. Under the agreement, Transcend Towers will initially construct 150 new cell sites for Globe Telecom in North Luzon in support of the common tower initiative of the Department of Information and Communications Technology (DICT). The government’s common tower policy aims to free telecommunications providers from costly capital expenditures in setting up communication towers. According to DICT, it is targeting the building of at least 50000 new common towers across the country in the next seven to ten years. As stated by Rizza Maniego-Eala, Chief Finance Officer…