BRIEF-Axiata Group Announces Deal To Buy 2,973 Telecom Towers And Related Assets In Philippines

April 20 (Reuters) – Axiata Group Bhd AXIA.KL:

• ISOC EDOTCO TOWERS, INC ENTERED A SALE AND PURCHASE AGREEMENT WITH SMART COMMUNICATIONS & DIGITEL MOBILE PHILIPPINES

• DEAL FOR ACQUISITION OF 2,973 TELECOM TOWERS AND RELATED ASSETS IN PHILIPPINES

• TOTAL PURCHASE CONSIDERATION OF 42,000 MILLION PESOS FOR ACQUISITION OF 2,973 TELECOM TOWERS AND RELATED ASSETS IN PHILIPPINES

• TRANSACTION WILL BE FUNDED THROUGH COMBINATION OF BOTH INTERNALLY GENERATED FUNDS & EXTERNAL FUNDING

• PROPOSED ACQUISITION OF PLDT TOWER ASSETS IS EXPECTED TO BE COMPLETED BY 31 DEC 2022

Source text for Eikon: ID:nKLS9sdvZR

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