WebSep 27, 2024 · Philippines' Globe Telecom Inc GLO said on Tuesday it has signed a deal to sell more than a thousand telecoms towers for 20 billion pesos ($340 million) to fund expansion and pay off maturing debts. In a disclosure, Globe said it will sell 1,350 towers located in central and southern Philippines, and will lease them back from Phil-Tower …

Globe Telecom to sell 5,700 cellular towers in $1.28bn deal

WebSep 27, 2024 · Philippines’ Globe Telecom Inc said on Tuesday it has signed a deal to sell more than a thousand telecoms towers for 20 billion pesos ($340 million) to fund expansion and pay off maturing debts. In a disclosure, Globe said it will sell 1,350 towers located in central and southern Philippines, and will lease them back from Phil-Tower Consortium. WebAug 12, 2024 · Ralf Rivas. So far, Globe has closed two sale and leaseback agreements for 5,799 telecom towers worth P71 billion, and is in talks to sell 1,350 other towers. … healthcare writing and communication

Philippines’ Globe sells telecoms towers for $340M

WebAug 16, 2024 · Philippines-based Globe Telecom has agreed to sell and lease back over 5,700 of its mobile towers. Last week, Globe revealed it had signed two major tower sales deal which is set to raise around US$1.28 billion, most of which will be put toward its network expansion. Investment firm Stonepeak will buy 2,180 towers for US$472 million … WebSep 27, 2024 · Globe said the towers, mostly located in Visayas and Mindanao will be leased back to Globe for an initial of 15 years. It said pre-tax transaction gain from the … WebMay 10, 2024 · As end-March, Globe has 91 tower company sites on air since the start of the year as it continues to expand coverage to provide the best service to its customers. healthcare x.0 crosslantic