Globe to sell 7K towers with leaseback agreements
(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 up for sale are made up of 79 percent ground-based towers and 21 percent rooftop towers, and have b...
Source: philippinetimes.com