Globe aiming to finish P96-b tower sale this year

Defining the News

Globe Telecom Inc. said it expects to complete the P96-billon tower sale and leaseback deal by the end of the year.

The financial inflow is expected to support Globe’s strategic initiatives and further strengthen its financial position. The tower sale, which started in 2022, saw a significant progress throughout 2024. Globe successfully transferred an additional 48 towers to Phil-Tower Consortium, Inc. on June 21, for about P710 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cabuya’s OCR world record boosts PH at Costa Rica tiltDefining the News
Read more »

Golden Spikers, Knights mix it up in key V-League net showdownDefining the News
Read more »

Japanese scramble to buy beloved riceDefining the News
Read more »

PH Paralympians brace for action in ParisDefining the News
Read more »

Stocks seen rising to 7,100 level; peso at 56.28 a dollarDefining the News
Read more »

Monde Nissin investing P1.2b in Davao facilityDefining the News
Read more »