Deals
Philippine Telecom Firm PLDT Weighing $300 Million Tower Sale, Sources Say
- PLDT talking to bankers on potential 2,000 tower disposal
- Third round of asset sales comes amid digital infra push
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PLDT Inc. is considering selling an additional 2,000 telecommunications towers, according to people with knowledge of the matter, extending the Philippine firm’s recent digital infrastructure asset divestments.
The country’s second-biggest telecom and digital services provider by market value is talking to banks for the potential disposal, said the people. A transaction would involve PLDT selling the towers and then leasing them back, and could value them at about $300 million, they said, asking not to be identified as the process is private.