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PLDT mulls extra tower sale 7 months after $1.47bn divestiture

The tower transactions are in large part driven by new Philippine regulation named Common Tower Policy.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 23, 2022 | 1:19 AM GMT

PLDT mulls extra tower sale 7 months after $1.47bn divestiture

PLDT’s President and Chief Executive Officer Alfredo S. Panlilio. Source: PLDT

Philippian telco PLDT Inc. (PSE: TEL) (NYSE: PHI) is currently studying preliminary offers for a portfolio of 2,000 towers as it comes close to removing all such assets from its portfolio.

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João Marques Lima

Founder and Editor, The Tech Capital

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