PLDT Group achieves first closing on landmark sale and leaseback towers deal
The country’s largest integrated telco, PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI), announced last April 19, 2022 that its subsidiaries, Smart Communications, Inc. (“Smart”) and Digitel Mobile Philippines, Inc. (“Digitel”), had signed Sale and Purchase Agreements in connection with the sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion to a subsidiary of EdgePoint and a subsidiary of edotco (the “TowerCos”).