Globe initiated its tower sale agreements with MIDC and PhilTower again in 2022, aiming to boost funds to scale back maturing debt and strengthen its monetary place
In sum – what to know:
Tower divestment nearly full – Globe has bought 6,945 towers and raised PHP89.3B ($1.5B) since 2022 as a part of its monetization technique.
Newest offers with MIDC, PhilTower – Globe bought 96 towers in Luzon, Visayas, and Mindanao for PHP1.3B, persevering with its phased sale-and-leaseback method.
Funds to scale back debt, enhance enlargement – Executives stated the transfer enhances capital effectivity, reduces liabilities, and helps future digital infrastructure investments.
Globe Telecom, which is the most important cellular community operator within the Philippines, is closing in on the ultimate levels of its tower sale-and-leaseback technique, having transferred possession of almost 7,000 towers and raised PHP89.3 billion ($1.5 billion) in proceeds over the previous three years.
In its newest transactions, Globe finalized the sale of 12 ground-based towers in Luzon to MIESCOR Infrastructure Growth Company (MIDC) for round PHP144 million. Individually, it bought 84 towers positioned within the Visayas and Mindanao areas to PhilTower Consortium, bringing in PHP1.2 billion. Amongst these, 71 towers are ground-based and 13 are rooftop websites.
Since launching the tower divestment initiative in 2022, the Asian service has made constant progress: 2,410 towers had been bought in 2022, 2,057 towers adopted in 2023, and a couple of,205 towers in 2024.
Thus far in 2025, one other 273 towers have been handed over, producing roughly PHP3.5 billion in recent capital.
Total, 6,945 towers have been divested because the program started. Globe initiated its tower sale agreements with MIDC and PhilTower again in 2022, aiming to boost funds to scale back maturing debt and strengthen its monetary place.
“In the present day marks one other milestone in our tower monetization initiative. With the substantial handover of web sites, we proceed to maneuver ahead with our purpose of strengthening Globe’s monetary place. This switch enhances our flexibility to handle liabilities, allocate capital extra successfully, and help investments in important infrastructure and digital platforms,” stated Carlos Puno, Globe’s CFO, treasurer, and chief danger officer.
Globe CEO and President Carl Raymond Cruz emphasised that these strikes assist the corporate evolve right into a extra agile operator. “The continued tower divestment prepares the operator for future enlargement,” he stated, including that it positions Globe to turn into a extra “capital-efficient group.”
Of all of the towers bought, 43% have been acquired by MIDC and PhilTower, with the rest going to Frontier Tower Associates Philippines.
Globe Telecom had expanded its 5G community infrastructure within the first quarter of the 12 months, protecting 98.71% of Metro Manila and 97.97% of main cities within the Visayas and Mindanao.
The telco stated that this 5G enlargement in Q1 2025 was supported by the addition of 235 new 5G websites. The service additionally famous that these enhancements served greater than 9.5 million 5G-enabled gadgets.
Finnish vendor Nokia beforehand stated it was deploying its modular Interleaved Passive Lively Antenna (IPAA+) for Globe Telecom throughout the southern islands of the Philippines.
The European vendor famous that this new deployment was anticipated to assist to speed up 5G deployment within the area.
Nokia’s IPAA+ answer has a light-weight, modular design and helps all 5G frequency bands in a single antenna, together with the two.6 GHz spectrum band, the seller stated. Nokia’s IPAA+ additionally has the potential to help different bands, which signifies that earlier investments made by operators are protected.
In February 2021, Nokia had introduced that it was chosen by Globe Telecom for a three-year deal to improve its current 4G community, in addition to broaden the geographical attain of its 5G community at over 1,000 websites within the Philippines. That deployment coated the second and third largest islands of Mindanao and Visayas and commenced in 2021.
