Globe Telecom Bolsters Expansion with P540M from Tower Asset Sales
Globe Telecom Inc.’s strategic sale of tower assets to MIESCOR Infrastructure Development Corp., generating P540 million, is a key part of its broader plan to optimize assets and expand network infrastructure. This move, which is part of the larger initiative to sell 7,506 towers for P96.4 billion, aligns with the Philippine government’s tower sharing initiative and demonstrates Globe’s commitment to efficient capital management and infrastructure development to meet the country’s growing data demands.