Tower Consortium News Today

The Board of Investments is assisting in the processing of permits of a P50 billion telecommunications infrastructure project as it is seen to offer wider connectivity and greater access to digital service to Filipinos.

The rumors are that CREC is pushing to list in Q2 of this year, which is a big deal considering the mammoth size of the potential offering.

Globe Telecom received PHP8.6 billion (US$156 million) from Phil-Tower Consortium after transferring 578 out of 1,350 towers to the company.

Herbert Smith Freehills has advised Globe Telecom on the sale of 1,350 mobile towers. Firms: Herbert Smith Freehills (Globe Telecom); Undisclosed (Phil-Tower Consortium, Inc. ). Deal: Globe Teleco

MANILA— Philippines' Globe Telecom Inc GLO.PS said on Tuesday it has signed a deal to sell more than a thousand telecoms towers for 20 billion pesos ($340

Globe Telecom has agreed to sell 1,350 towers to Phil-Tower Consortium for 20 billion pesos (almost US$340 million), its third towers deal in the past few months.

Philippines-based operator Globe Telecom revealed it penned a deal to sell over a thousand telecom towers for PHP20 billion (US$340m) to Phil-Tower Consortium, continuing its strategy to fund expansion.

Globe has so far sold a total of 7,059 towers, raising 91 billion pesos as it unloads passive assets.

Satellite IoT operator Sateliot has opted for a hyperscaler to host its cloud-native 5G core.

India’s Jio is set to offer a 5G smartphone for less than $150Italy’s state lender is (once again) primed to bid for TIM’s access networkIndia’s new telecom bi…