PLDT confirms to sale non-strategic towers in Philippines
Date
August 11, 2021
Type
M&A Transactions
Subtype
Transaction launched
Countries
Philippines
Subsectors
Telecom
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PLDT Inc., the Philippines' largest fully integrated telecommunications company, has confirmed that it is considering selling cell sites to independent tower companies.
The divesting of non-strategic tower assets aims to raise funds and improve the company's bottom line. PLDT expects to raise between US$800 million to US$1 billion in the process.
