SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 17, 2023

2. SEC Identification Number

1177

3. BIR Tax Identification No.

000-768-480-000

4. Exact name of issuer as specified in its charter

Globe Telecom, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

27/F, The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig Postal Code 1634

8. Issuer's telephone number, including area code

(02) 7797-2000

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	144,060,544
Total Debt (in Php Mn)	234,500

11. Indicate the item numbers reported herein

Please refer to the attached.

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Globe Telecom, Inc.GLO

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
"Globe Achieves Closing of Another 431 Towers; Year-To-Date Collections Now at Php17.9Bn. In Total, Turned Over 3,711 Towers Worth Php47.9Bn from the Php96.3Bn Sale"
Background/Description of the Disclosure
Globe (PSE:GLO), a leading digital platform in the Philippines with major interests in telecommunications, financial technology, virtual healthcare, digital marketing solutions, corporate venture building, and climate technology, announced today the third closing and official handover of 431 towers to Frontier Tower Associates Philippines Inc. (Frontier Towers) for a cash consideration of ~¿5.5 billion. These tower assets are composed of 82% ground-based towers and 18% rooftop towers. With this latest closing, Frontier Towers now assumes the ownership and management rights of 1,981 or around 56% of the acquired towers.
Other Relevant Information
Please refer to the attached.