C03519-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares | 144,060,544 | |
Total debt | 234,500 |
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Subject of the Disclosure |
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"Globe Signs Php5.4 billion Sale and Leaseback Deal of 447 towers with Unity Digital Infrastructure; Overall Towers Sold Now at 7,506" |
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 most recently, climate technology, announced today the signing of the sale and leaseback agreement with Unity Digital Infrastructure (Unity), a partnership between Aboitiz InfraCapital (AIC) and Partners Group for the sale of 447 towers. The tower assets consist of 84% ground-based towers and 16% rooftop towers. The sale comes with a commitment to build over 200 towers across Visayas and/or Mindanao. Globe expects to raise total proceeds of Php5.4 billion from executing this transaction. |
Other Relevant Information |
Please refer to the attached. |
Name | Jose Mari Fajardo |
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Designation | Director |