C06405-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common Shares | 144,228,604 | |
Total Debt (in Php Mn) | 250,008 |
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Subject of the Disclosure |
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"Globe Raised Php51.9 Billion to date on its Landmark Tower Sale and Leaseback Deal. Globe Successfully Transferred Additional 100 Towers to MIESCOR Infrastructure Development Corporation. Globe Achieved the 4th Closing of Another 113 Towers to Frontier Towers." |
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 that it has achieved today the fourth closing of 113 towers sold to Frontier Tower Associates Philippines Inc. (Frontier Towers) with a total cash consideration of ~Php1.4 billion. This amount reflects the value of the tower assets which are composed of 77% ground-based towers and 23% rooftop towers located in Luzon, Visayas and Mindanao. Globe already received around ~Php26.6 billion from Frontier Towers to date, as they gained ownership and management rights to 2,094 towers out of the 3,529 acquired towers. |
Other Relevant Information |
Please refer to the attached. |
Name | Jose Mari Fajardo |
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Designation | Director |