The company finalized the sale of 12 ground-based towers in Luzon to MIESCOR Infrastructure Development Corp. for P144 million, and 84 towers in Visayas and Mindanao to PhilTower for P1.2 billion. Of the 84 towers, 71 are ground-based and 13 are rooftop sites.
Bold steps for growth
“Progressing toward the completion of our tower sale and leaseback program signals Globe’s bold steps toward future-ready growth,” said president and CEO Carl Raymond R. Cruz.
“It underscores our disciplined execution, strategic focus, and commitment to building a more agile and capital-efficient organization. This achievement enables us to intensify efforts toward delivering reliable connectivity to millions of Filipinos—empowering communities, accelerating digital progress, and reinforcing our leadership in a rapidly evolving industry,” he added.
Almost 7,000 towers turned over
Globe has now officially turned over 6,945 towers, with 2,410 transferred in 2022, 2,057 in 2023, 2,205 in 2024, and 273 towers closed so far this year, generating P3.5 billion in fresh proceeds.
“This transfer enhances our flexibility to manage liabilities, allocate capital more effectively, and support investments in essential infrastructure and digital platforms. It enables us to respond to shifting market dynamics with confidence and continue delivering long-term value to all our stakeholders,” said Carlo Puno, Globe’s chief finance officer, treasurer, and chief risk officer.
—Edited by Miguel R. Camus
