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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

GT Capital nine-month income dips to P21.7B

JG Summit to inject P17B into olefins unit

Banking propels SMIC 9-mo income to P60.9B

Ayala Jan-Sept net rises 19% to P36.7B

PLDT Jan-Sept net edges up to P28.1B

San Miguel income lifted by strong sales

SM Prime 9-month profit up 12% to P34B