Manila, Aug. 8 -- The Philippine Postal Corporation (PHLPost) and ISON Tower Ltd. Inc. have signed a memorandum of understanding (MOU) to lease PHLPost properties for the establishment, maintenance, and operation of telecommunications tower facilities.

In a news release on Friday, the PHLPost said that Postmaster General Maximo Sta. Maria III and ISON Tower chair Vivek Gupta formalized the agreement on the sidelines of the Philippines-India CEO Forum as witnessed by Department of Information and Communications Technology (DICT) Secretary Henry Rhoel Aguda and other business leaders.

The event formed part of the official activities during President Ferdinand R. Marcos Jr.'s state visit to India this week.

ISON, a conglomerate accredited...