Globe Telecom Approaches Final Phase of Tower Sale and Leaseback Deal; 6,945 Towers Transferred to date, raising P89.3B

​Globe Telecom, a leading digital platform in the Philippines with major interests in telecommunications, financial technology, digital marketing solutions, venture capital funding, and data insight services, announced an update in its tower sale and leaseback initiatives with two key partners—MIESCOR Infrastructure Development Corporation (MIDC) and Phil-Tower Consortium, Inc. (PhilTower). Globe closed the sale of 12 ground-based towers located in Luzon to MIDC for approximately P144 million. Separately, Globe finalized the sale of 84 towers in Visayas and Mindanao to PhilTower for approximately P1.2 billion; of these, 71 are ground-based while the remaining are rooftop towers. This is a significant step forward in Globe’s endeavor to effectively optimize and manage its infrastructures.

Globe has now officially turned over 6,945 towers under its Sale and Leaseback portfolio, generating approximately P89.3 billion in proceeds. A total of 2,410 towers were transferred in 2022, followed by 2,057 in 2023, 2,205 in 2024. To date, 273 towers have been closed this year, generating approximately P3.5 billion in proceeds.

“Today marks another milestone in our tower monetization initiative. With the substantial handover of sites, we continue to move forward with our goal of strengthening Globe’s financial position. This transfer enhances our flexibility to manage liabilities, allocate capital more effectively, and support investments in essential infrastructure and digital platforms. It enables us to respond to shifting market dynamics with confidence and continue delivering long-term value to all our stakeholders..” said Carlo Puno, Globe’s Chief Finance Officer, Treasurer, and Chief Risk Officer. 

“Progressing toward the completion of our tower sale and leaseback program signals Globe’s bold steps toward future-ready growth. It underscores our disciplined execution, strategic focus, and commitment to building a more agile and capital-efficient organization. This achievement enables us to intensify efforts toward delivering reliable connectivity to millions of Filipinos—empowering communities, accelerating digital progress, and reinforcing our leadership in a rapidly evolving industry.” Globe President and CEO, Carl Raymond R. Cruz, commented.

“We are proud to mark the successful completion of the sale and leaseback of towers from Globe, with PhilTower and MIDC accounting for 43% of all sites transferred by Globe under the program. This affirms our leadership in the country’s digital infrastructure rollout,” said Devid Honore Gubiani, President and CEO of PhilTower MIDC.

“This milestone goes beyond numbers. It reinforces our role as a trusted partner in accelerating the country’s digital transformation through our advanced tower infrastructure operation platforms. The seamless handover reflects our profound alignment with Globe and our shared commitment to advancing national connectivity. This deal was never just about infrastructure. It’s about empowering Mobile Network Operators to expand better service experience for millions of Filipinos more rapidly and cost efficiently. More than building towers, we’re laying the backbone of digital inclusion across the nation.” Mr. Gubiani added.

Globe Telecom, Inc. is a leading digital platform in the Philippines, with major interests in telecommunications, financial technology, digital marketing solutions, venture capital funding for startups, and data insight services. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. In 2019, Globe became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles. Its principals are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region. It is listed on the Philippine Stock Exchange under the ticker symbol GLO and had a market capitalization of US$4.3 billion as of the end of June 2025.

PhilTower MIDC is one of the largest and leading independent digital shared infrastructure providers in the Philippines, specializing in the development and management of telecommunications infrastructures such as towers, poles, rooftops, in-building systems, and small cells.

​Born from the strategic joint venture between two industry leaders: Phil-Tower Consortium Inc. (PhilTower) and Miescor Infrastructure Development Corporation (MIDC) in September 2024, this landmark union brings together complementary strengths and deep-rooted expertise, reshaping the future of digital infrastructure nationwide. Powered by high-impact group of global and local investors – Macquarie Capital, Stonepeak, Manila Electric Company (Meralco), and Global Network, Inc. – the company exemplifies the synergy of proven strategies, world-class standards, market foresight, engineering ingenuity, and unwavering commitment to nation-building. It reflects a bold, collective ambition to bridge the digital divide and usher in a future of inclusive, high-speed connectivity for all Filipinos.