C08797-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 144,228,604 | |
Total Debt (in Php Mn) | 245,479 |
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Subject of the Disclosure |
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Globe Completes 60% of its Php96-billion Tower Sale and Leaseback Deal; Raised ~Php 57.4 billion to Date; |
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, data insights, corporate venture building, and climate technology, announced today the third closing of another 79 towers sold to Unity Digital Infrastructure (Unity), for a cash consideration of Php 948 million. This transaction is the last closing for the year 2023 and marks the third tranche of the 447 sale-and-leaseback deal with Unity with the transfer of ownership and management rights of 249 towers or around 56% of the sold towers. |
Other Relevant Information |
Please refer to attached. |
Name | Jose Mari Fajardo |
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Designation | Senior Director |