PLDT, Inc. Monday, August 1, achieved the second closing of its P77 billion sale of 5,907 telecom towers and related passive telecom infrastructure.
Today's P13.2 billion transaction covers the sale of 1,013 telecom towers.
This follows the first closing attained on June 1, covering 3,012 telecom towers with P39.2 billion having been paid to the PLDT Group.
Out of the 5,907 telecom towers subject to the sale, PLDT todate disposed of 4,025 telecom towers representing 68 percent of its towers portfolio being sold.
PLDT anticipates additional closings over the next few months based on number of towers being transferred, with final closing expected by fourth quarter, 2022.