Globe sells more towers for P1.5B

By Ed Paolo Salting

Feb 09, 2024 12:24 am

GLOBE Telecom Inc. on Thursday said it closed the sale of another 100 telecommunications towers to PhilTower Consortium Inc. for P1.50 billion.

The latest transaction is part of a sale and leaseback agreement signed with PhilTower in September 2022, involving 1,350 towers and other related passive infrastructure for around P20 billion in total.

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