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Philippines' Globe Telecom offloads another tower portfolio for $340m

The transaction is part of a stream of digital infrastructure deals the operator is closing having raised more than US$1.71 billion in equity for new business investments.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

September 27, 2022 | 11:35 PM BST

Philippines' Globe Telecom offloads another tower portfolio for $340m

Globe Chief Finance Officer, Rosemarie Maniego-Eala (left) with Jaime Augusto Zobel de Ayala, CEO of Ayala. Source: Ayala

The Tech Capital

Philippines’s operator Globe Telecom (PSE:GLO) has sold more than a thousand towers for PHP20 billion (~US$340 million) to Phil-Tower Consortium.

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João Marques Lima

Founder and Editor, The Tech Capital

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