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Globe Gets P1.45 B From Final Transfer Of Towers
The Philippine Star
|March 29, 2025
Ayala-led telco giant Globe Telecom Inc. has received P1.45 billion from the transfer of the last batch of towers to Aboitiz-backed Unity Digital Infrastructure.
Globe said it has completed the transfer to Unity of the final batch of towers consisting of 121 sites.
The tower assets, composed of 90 percent ground-based towers and 10 percent rooftop towers, marked the completion of Globe's landmark sale and leaseback deal with Unity.
The transaction brings the total number of towers transferred since 2023 to 447.
"Completing the tower sale to Unity is a significant milestone that reflects our strong belief in collaborative partnerships," Globe president and CEO Ernest Cu said.
This story is from the March 29, 2025 edition of The Philippine Star.
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