Globe raises P51.9B to date on landmark tower sale and leaseback deal
Globe raises P51.9B to date on landmark tower sale and leaseback deal
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Globe raises P51.9B to date on landmark tower sale and leaseback deal
GLOBE Telecom Inc. on Tuesday closed the sale of more towers to two companies, raising profits to date from the asset transfers program to P51.9 billion.
Globe Telecom Inc. said on Wednesday it has achieved the fourth closing of 113 towers sold to Frontier Tower Associates Philippines Inc. and another 100 towers to Miescor Infrastructure Development Corp. (MIDC) for a total consideration of P2.6 billion. The company said the latest transaction with Frontier involved 77 percent…
Globe Telecom Inc. has achieved the ₱9.5 billion second closing of 750 towers to be transferred to Frontier Tower Associates Philippines Inc. (Frontier Towers), the telco disclosed Monday, Dec. 12. With this latest closing, the telco has transferred a total of 1,550 out of the 3,529 towers to
Globe Telecom Inc. disclosed today, Tuesday, Sept., that it has achieved the first closing with 800 towers out of the 3,529 towers to be acquired by Frontier Tower Associates Philippines Inc. (Frontier Towers) for a cash consideration of ₱10 billion. The deal was accomplished after just over a