Globe lauds owners and developers of 615 properties across the Philippines for providing space at no cost to accommodate in-building solutions (IBS) of telecom companies.

These forward-thinking establishments, which include malls, offices, and hotels, demonstrate that a "zero lease" approach to telco infrastructure can be effective in the local market. All 615 properties agreed to a no-lease arrangement from day one. 

Connectivity, just like power and water, has become an essential part of people's lives, especially for work, learning, and entertainment. Globe believes it should be readily available to tenants and customers without them having to shoulder the added costs passed on from lease fees. 

"The properties giving free IBS space for telco solutions show zero lease is an achievable reality here," said Ernest Cu, Globe President and CEO. "Their visionary stance paves the way for collaborative infrastructure policies that will help uplift our digital economy and society, altogether accelerating the country’s digitalization journey.”

The telco giant is spearheading a push for nationwide adoption of a zero lease policy that will remove rental fees for IBS facilities within buildings. This aligns with successful practices in Australia, Singapore, and Hong Kong aimed at reducing industry costs, fostering competitiveness, and improving digital connectivity for consumers.