Company takes initial step to operationalize divestment of tower assets.
Globe Telecom has taken a step forward to fulfill its plans to divest its tower assets. This is in line with the company's thrust to continuously improve internet connectivity in the Philippines.
On Thursday, July 5, Globe disclosed to the Philippine Stock Exchange (PSE) that it began the process of incorporating a separate tower holding company. As soon as it gets approval from the SEC, this will operationalize the divestment of all or part of its tower assets through a separate company. Early this year, Globe announced that it has initiated talks with independent third parties for its tower assets.
