THE Board of Investment (BOI) said that they had awarded the Certificate of Green Lane Endorsement to EDOTCO Towers, Inc. for their P150 billion telecommunication infrastructure investments.

In a statement, EDOTCO, a wholly-owned subsidiary of Kuala Lumpur-based EDOTCO Group Sdn. Bhd, is reportedly looking to create some 25,000 common towers in urban and rural areas across the country.

It is aimed to improve mobile network broadband in the future.

“The project will play a huge role in introducing new technologies such as 5th Generation (5G) mobile broadband networks and large-scale Internet of Things (IoT) applications through its shared infrastructure offered to services providers and government agencies with open access and a non-discriminatory basis,” the BOI said in a statement.

Likewise the company is expected to use non-conventional energy resources for its projects including photovoltaic systems, wind, biomass, fuel cells, energy storage systems, or hybrid solutions.

It will be recalled that the BOI’s One-Stop Action Center for Strategic Investments (OSAC-SI) opened the green lane certificates to two other companies for their telco tower projects as well.