LCS Group has signed a contract with DITO Telecom, the 3rd MNO in the Philippines, for the construction and 25 year long-term lease of telecommunication towers. Starting with 300 towers initially, more than 6,000 towers are planned to be installed within this year and 6,000 to 40,000 towers will be established within 5 years across the Philippines. KP Development INC. entrusted with project implementation of telecom towers by LCS Group selected materials and construction companies including Bosung Powertech and executed purchase orders. And KP Development INC. also secured 50 local cooperative construction companies for the project.
Dito Telecommunity Corporation is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of Davao businessman Dennis Uy's Udenna Corporation and its subsidiary Chelsea Logistics Corporation, and Chinese state-owned China Telecommunications Corporation, a parent company of China Telecom.
Bosung Powertec was founded in 1978, based on the entrepreneurial spirit to positively contribute to the development of the country and society through corporate activities, and has played a major part in the national development as a leader in the domestic power industry for more than 40 years.