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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