Technology

Philippines’ Globe Telecom seeking $1.5 billion for towers

Philippines’ Globe Telecom seeking $1.5 billion for towers

Globe Telecom Inc. is weighing selling around half of its telecommunications tower portfolio in a deal that could be worth as much as $1.5 billion, according to people with knowledge of the matter. The Manila-listed company, which counts Singapore Telecommunications Ltd. and Filipino conglomerate Ayala Corp. among its largest shareholders, is considering including about 6,000 of its towers in the planned sale, the people said.

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