Globe Telecom is still considering selling its tower assets, although the firm said it’s not in a rush to do so.
“We’ve always continued to look out for opportunities with respect to selling our passive assets, which include our towers, and the recent transaction from our competition has made the environment more friendly with respect to selling towers,” said Riza Maniego-Eala, Globe chief finance officer.
Globe’s rival, PLDT. Inc., had successfully signed a deal with foreign tower companies to secure a P77-billion sale and leaseback of its 5,907 telecom towers.
While Globe has been looking into monetizing its tower assets since 2018, the Ayala-led telco said it will continue focusing on partnering with the same tower companies in built-to-suit efforts that will benefit their continued expansion.
As of end-March, Globe has 91 tower company sites on air that have started carrying Globe traffic.
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