C04006-2023 |
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 |
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Subject of the Disclosure |
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"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. |
Name | Jose Mari Fajardo |
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Designation | Director |