Announced
Financials
Sources
Tags
Single Bidder
Friendly
Pending
Private
Infrastructure
Philippines
Domestic
Telecommunications infrastructure
Majority
telecommunication towers
Acquisition
Synopsis
Phil-Tower, a telecommunications contractor in Taguig, Philippines, agreed to acqurie 1.35k towers from Globe Telecom, a major provider of telecommunications services in the Philippines, for $340m. In a disclosure, Globe said it will sell 1.35k towers located in central and southern Philippines, and will lease them back from Phil-Tower Consortium. Globe has so far sold a total of 7k towers, raising $1.5bn as it unloads passive assets.
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