Stonepeak to acquire 2.1k Philippine tower assets of Globe Telecom for $472m.

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.