Defining the News
The company said the master services agreement covering the leaseback arrangement for 230 towers also became effective on Oct. 6, 2023.
PLDT signed a share purchase agreement in March this year with the subsidiary of Pinnacle Towers Pte. Ltd. for the 1,012 telecommunications towers and associated passive telecommunications infrastructure mosty located in Luzon for over P12.1 billion. “The sale and leaseback of towers are in line with the PLDT Group’s strategy to push for an asset-light balance sheet, while providing superior network quality and an even better customer experience,” PLDT said.
PLDT booked a net income of P18.45 billion in the first six months of 2023, up by 10 percent from P16.78 billion in the same period last year.
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.
Batanes under Signal No. 3 as Jenny heads for TaiwanDefining the News
Read more »
Filipino drag queen arrested over Lord’s Prayer recitalDefining the News
Read more »
Marcos orders PCA to craft development, rehab plan for coconut industryDefining the News
Read more »
6 cops wanted for murder of Navotas teen surrenderDefining the News
Read more »
Trudeau considering declassifying list of ex-Nazis in CanadaDefining the News
Read more »
Relatives arrive in Italy for loved ones after deadly Venice bus crashDefining the News
Read more »