Globe Telecom Inc., the listed digital platform of the Ayala Group, has completed the final batch of its tower sale and leaseback deal with Unity Digital Infrastructure, transferring 121 sites for P1.45 billion.
This ends Globe’s extensive tower divestment, which began in 2023 and saw the transfer of a total of 447 towers.
The sale and leaseback deal, covering 7,506 towers, has proven to be a significant financial move for Globe, generating a total of approximately P87.9 billion in proceeds. With 91.2 percent of the tower portfolio already transferred, Globe has effectively streamlined its operations and optimized its capital structure. The company has turned over 6,849 towers to date, including 2,205 towers in 2024 and 177 towers in early 2025, with further closings scheduled as conditions are met.
Globe chief financial officer Juan Carlo Puno said the completion of the tower transfer enhances the company’s financial flexibility and enables reinvestment in network expansion to meet evolving customer demands. “This transaction strengthens our capital structure and reinforces our commitment to long-term sustainability,” he added.
Ernest Cu, Globe president and chief executive officer, highlighted the importance of this sale in ensuring improved connectivity across the country. “This move is not just about financial flexibility; it strengthens the infrastructure for world-class access for Filipinos,” he said.
Unity, the purchaser, now controls 100 percent of the towers included in the deal. CEO Robin Patrick Sarmiento expressed satisfaction with the acquisition, noting that it supports the government’s common tower program and enables further collaboration with Globe to build new infrastructure across the Philippines.
