Negotiations are ongoing and could still fall apart, the people said. Representatives for Globe and Macquarie didn’t immediately respond to requests for comment.
An arm of Macquarie Group is in advanced talks to buy a portfolio of about 1,350 phone towers from Philippine provider Globe Telecom Inc., according to people familiar with the matter.
The telecommunications firm and the Australian financial giant are in the final stages of hammering out a deal that could be worth about US$400 million, the people said, asking not to be identified as the information is private. Macquarie is poised to buy the assets after outbidding other rivals including local players and global funds, the people said.
