iSON Tower Secures Financing for Tower Development in The Philippines

16 June 2022, Manila, Philippines

iSON Tower Secures Financing for Tower Development in The Philippines

iSON Tower Ltd. Inc. (“iSON Tower” or the “Company”) announced today the closure of an investment from Peppertree Capital Management, Inc. (“Peppertree Capital”), a leading communications infrastructure fund, to advance the Company’s mission of providing critical digital infrastructure in The Philippines.

The transaction comes at a time when there is a strong demand for connectivity in the ASEAN region. With mobile-data traffic rapidly surging and operators looking to ramp-up 5G rollouts across the country, Filipinos still expect faster speeds and enhanced coverage that requires reducing the gap in terms of the actual tower assets deployed. iSON Tower seeks to expand next-generation connectivity solutions and bridge the digital divide in the nation.

Vivek Gupta, Founder and Chairman of iSON Tower, said, “Asia, and more so Philippines, undoubtedly continues to be a high growth market. With a market potential of 50,000 tower assets in the coming years, Philippine’s telecom sector has a promising future and is currently a focal point for us. We are delighted to join hands with a fund of Peppertree’s caliber and, look forward to bring to bear our collective strength and experience to establish world class operations in the country, enable connectivity for Filipino communities and accelerate our growth in the region.

Rajiv Jaitly, Group CEO of iSON Tower, further added, “increasing the pace of rollouts of digital infrastructure has been underscored by the pandemic. We see ourselves benefitting from our association with Peppertree and their knowledge of the telecom infrastructure ecosystem. And together with Peppertree Capital as our investor, we look forward to strengthening this ecosystem in Philippines and supporting DICT’s vision of the country to be a digitally enabled and connected nation.

Howard Mandel, Co-President of Peppertree Capital, said, “We have known iSON’s management for years, and look forward working with them and supporting their efforts in bringing 5G connectivity to The Philippines.”


iSON Tower builds and operates digital infrastructure with a comprehensive portfolio of Built-to-Suit solutions, Tower Colocations, In-Building solutions, Small Cells and more. It is a part of iSON Group, a leading ICT and an emerging market specialist, with a presence in over 35 countries across Africa, Middle East and South-East Asia. The group has credible experience of building and scaling businesses, including tower and non-tower businesses and, proven track-record of developing and managing tower infrastructure in over 20 countries.


Peppertree Capital Management, Inc. is a private equity firm focused on making investments in growing communication infrastructure companies. Peppertree was formed in 2004 and is currently investing out of its ninth private equity fund and an evergreen debt fund. Peppertree has more than US$4 billion under management and has made more than 115 investments in communication infrastructure companies in 12 countries.