Globe Telecom has raised P89.3 billion from the sale of 6,954 towers, nearing completion of its tower sale and leaseback deal, significantly boosting its financial position and infrastructure development in the Philippines.
Globe Telecom Inc. said it has raised P89.3 billion from the sale of 6,954 towers, nearing the completion of its tower sale and leaseback deal.
Globe said it turned over 6,945 towers under its sale and leaseback portfolio, generating P89.3 billion in proceeds. The company transferred 2,410 towers in 2022, followed by 2,057 in 2023 and 2,205 in 2024. This year, 273 towers have been turned over, generating about P3.5 billion for the company. Globe president and chief executive Carl Raymond Cruz said that “progressing toward the completion of our tower sale and leaseback program signals Globe’s bold steps toward future-ready growth.”
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