0
Broadband

PLDT to sell telecom towers for USD 800 million – report

Monday 2 August 2021 | 10:24 CET | News
Philippines operator PLDT plans to sell its local towers for PHP 800 million. The operator has hired an adviser for the planned disposal, Bloomberg reports, citing unnamed people with knowledge of the matter. According to the same source, a transaction would involve PLDT selling the towers and then leasing them back. PLDT seeks up to USD 1 billion from the sale, a source added.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Fixed
Companies: PLDT
Countries: Philippines
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

PLDT, Smart deploy first carbon fiber towers on urban rooftops

Published 02 Jun 2021 13:54 CET | Philippines
PLDT and its mobile unit Smart Communications have deployed their first carbon fiber cell site towers on urban rooftops. IsoTruss ...

Smart deploys 1,400 5G sites across Philippines

Published 01 Mar 2021 18:33 CET | Philippines
Philippines operator Smart Communications reports it has deployed more than 1,400 5G sites across the country. These include 5G ...

PLDT's 9-month revenues grow 9% boosted by data and broadband services

Published 06 Nov 2020 11:26 CET | Philippines
Philippines operator PLDT reported record service revenues of PHP 126.6 billion for the first nine months of 2020, which ...

Philippines issues co-location, cell tower sharing guidelines

Published 11 Jun 2020 10:49 CET | Philippines
Philippines' Department of Information and Communications Technology (DICT) has issued guidelines for cell tower sharing. The ...

Philippines to deploy 50,000 cell sites worth USD 4.4 bln

Published 31 May 2019 10:09 CET | Philippines
The first 2,500 cell sites to be deployed cover more than 650 areas where incumbent operators had planned to expand their ...

PLDT to deploy fibre connections at Sta. Lucia Land projects

Published 23 Mar 2018 06:17 CET | Philippines
Philippines operator PLDT has signed a partnership agreement with real estate company Sta. Lucia Land. Under the terms of the ...

PLDT deploys fiber broadband in Bonifacio Global City

Published 24 Oct 2017 11:23 CET | Philippines
Philippines operator PLDT has completed the deployment of fiber-powered broadband facilities in the Bonifacio Global City (BGC), ...