Sunday, 03 July 2022

PLDT to offload 6,000 towers to cut debt

posted by Ellie McGonagle-Foy
Wednesday 06 April 22

PLTD has entered talks with EdgePoint and Edotco concerning the sale of half of the company’s mobile telecommunication towers

Philippines telecoms operator PLDT is reported to have begun discussions with two companies, EdgePoint and Edotco, aiming to sell 3,000 mobile telecommunications towers to each buyer.  In total, the two deals are valued at approximately $1.5 billion. EdgePoint, backed by Digital Bridge and the Abu Dhabi Investment Authority, will reportedly acquire 3…

Philippines telecoms operator PLDT is reported to have begun discussions with two companies, EdgePoint and Edotco, aiming to sell 3,000 mobile telecommunications towers to each buyer.  In total, the two deals are valued at approximately $1.5 billion. EdgePoint, backed by Digital Bridge and the Abu Dhabi Investment Authority, will reportedly acquire 3…

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