News
12 August 2022

Globe Telecom raises funds through tower sale

In:
Telecoms and Communications
Region:
Asia-Pacific

Globe Telecom has announced the sale of 7,000 towers and other passive infrastructure for a total of PHP71 billion ($1.2 billion). A quarter of the proceeds are earmarked for debt payments while the rest will be used for capital expenditures.The first part of the sale will be executed with MIESCOR...

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