iSON plans $300-M investment

Global technology and infrastructure firm iSON is preparing to expand its Philippine footprint with $300 million in planned investments, targeting telecommunications, digital infrastructure, modern agriculture and clean energy.

The company plans to build more than 3,000 telecommunications towers nationwide, with about $65 million already deployed for 450 towers. The expansion is expected to improve connectivity in underserved and critical areas.

iSON is also working with the Bases Conversion and Development Authority on agricultural and renewable energy projects.

Its plans include a $50-million modern farming project and a $200-million, 400-megawatt agro-solar project, alongside a 40-MW solar initiative in New Clark City.

Capital into strategic industries

The investments were discussed during a meeting between Finance Secretary Frederick D. Go and iSON representatives as the government seeks to attract capital into strategic industries.