Globe tower sale profits hit P51.9B

By The Manila Times

Aug 17, 2023 12:26 am

GLOBE Telecom Inc. on Tuesday closed the sale of more towers to two companies, raising profits to date from the asset transfers program to P51.9 billion.

In a statement, the Ayala-led firm said it achieved the fourth closing of 113 towers sold to Frontier Tower Associates Philippines Inc. for approximately P1.4 billion.

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