Globe raises P57.4B from towerco deals

By The Manila Times

Dec 20, 2023 12:28 am

GLOBE Telecom Inc. said it had officially turned over the ownership of a total of 4,467 towers to four telecom tower companies, or 'towercos,' over the past two years, successfully raising P57.4 billion as of December this year.

The Ayala-led telco announced the third closing on Monday of another 79 towers sold to Unity Digital Infrastructure for a cash consideration of P948 million.

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