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.

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Categories: Fixed
Companies: PLDT
Countries: Philippines
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