Announced
Financials
Sources
Tags
Philippines
Pending
Majority
Private
Acquisition
Single Bidder
Friendly
Cross Border
Telecommunications Equipment
infrastructure
Synopsis
Stonepeak, an alternative investment firm specializing in infrastructure and real assets, agreed to acquire 2.1k Philippine tower assets of Globe Telecom, a provider of telecommunications services, for $472.2m. “We are delighted to partner with MIESCOR and the MIDC team on this exciting opportunity with Globe. This transaction is a great fit for our Asia Infrastructure strategy, which targets investments across energy transition, transportation and logistics, and communications and digital infrastructure, and represents a significant milestone for our growing Asia Pacific business,” Hajir Naghdy, Stonepeak Senior Managing Director and Head of Asia and the Middle East.
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