The tower assets up for sale are made up of 79% ground-based towers and 21% rooftop towers, and have been grouped into three unique distinct portfolios assigned to three different tower companies.
Globe Telecom, a leading digital platform in the Philippines and whose principal shareholders are Ayala Corporation and Singapore Telecommunications (Singtel), has obtained board approval to sell over 7,000 towers.
Of the amount, 66% are located in Luzon, 19% in Mindanao and 15% in Visayas.
