Showing posts with label zero lease. Show all posts
Showing posts with label zero lease. Show all posts

Wednesday, May 1, 2024

Globe pushes for zero lease on telco infra in developments, cites Asia-Pacific trends

Globe reiterates its push to remove lease fees for telco infrastructure in local property developments, citing the successful implementation of similar policies across countries in the Asia-Pacific such as Australia, Singapore, and Hong Kong.

The move aims to reduce operational costs for telecom companies, fostering a more competitive market and ultimately benefiting consumers with improved connectivity and services.

Australia's approach requires property developers to organize and meet the costs of pit and pipe infrastructure, ensuring that services are ready when people move into new premises. This responsibility aligns with developers' obligation to provide essential utilities for enhanced liveability.

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