Key details
• Unity has now acquired a total of 447 towers, completing its portion of Globe’s tower divestment program.
• Globe has turned over 6,849 out of 7,506 towers since 2022 under multiple sale agreements.
• These transfers have generated nearly ₱88 billion in proceeds for Globe.
• The remaining towers will be handed over to other partners once closing conditions are fulfilled.
Management’s view
“Completing the tower sale to Unity is a significant milestone that reflects our strong belief in collaborative partnerships,” Globe Telecom president and CEO Ernest Cu said in a statement.
“This move is not just about enhancing our financial flexibility and reinforcing fiscal responsibility; its paramount importance lies in the improved connectivity it enables across the Philippines through our work with tower companies like Unity,” he added.
Globe is going asset-light
The tower strategy is part of Globe’s capital recycling efforts to boost financial flexibility, reduce debt, and reinvest in network expansion.
Unity, a joint venture between Aboitiz InfraCapital and Swiss-based Partners Group, operates shared telecom infrastructure to support industry-wide connectivity.
