Phil-Tower to acqurie 1.35k towers from Globe Telecom for $340m.

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.