Page 3 - Infrastructure Development Corp News Today

Planned upgrades to India’s shipping and port infrastructure are being prioritized for completion by the government. Here's what we know.

/PRNewswire/ -- The road construction and maintenance market size is forecasted to increase by USD 259.95 billion from 2022 to 2027, at a CAGR of 5.42%,...

/PRNewswire/ -- The Global Road Construction and Maintenance Market share is set to increase by USD 259.95 billion from 2022 to 2027. Moreover, the markets...

Quick takes!

The telco giant will net proceeds totalling P71 billion from the sale of the towers and other passive infrastructure, according to a disclosure sent on Friday. Globe noted that the deal put in place will help them reallocate capital from passive assets.

(PNA file photo) MANILA - Local telecommunications company Globe Telecom, Inc. (Globe) is planning to sell and lease back more than 7,000 of its towers across the country to various tower companies to raise capital while ensuring access to these necessary infrastructures. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Globe said 66 percent of these towers are located in Luzon, 19 percent are in Mindanao, while the remaining 15 percent are in the Visayas. "The tower assets...

Globe Telecom Inc. aims to generate more than P71 billion from the sale of more than 7,000 telco towers within the year to finance its capital expenditures and settle outstanding debts.

Globe to sell over 7K towers to fund capex

India is digging a tunnel at about 11,578 feet above sea level as it looks to provide an all-weather connectivity between Kashmir Valley and Ladakh on a route that remains isolated half of the year because of heavy snowfall.