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Philippines’ Globe Telecom to sell towers real estate for $1.28bn

Upon completion, the transaction will represent the largest ever tower sale and leaseback deal in the country.

By TTC Newsroom

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August 15, 2022 | 6:25 AM BST

Philippines’ Globe Telecom to sell towers real estate for $1.28bn

Rizza Maniego-Eala, Globe Chief Finance Officer. Source: Globe

The Tech Capital

Philippines’ telecoms platform Globe Telecom (PSE: GLO) said it will sell over 7,000 towers, of which 66% are located in Luzon, 19% in Mindanao and 15% in Visayas.

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