Economy 1 MIN READ

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

April 20, 2022By 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

Further company coverage: AXIA.KL

((Reuters.Briefs@thomsonreuters.com;))

This article originally appeared on reuters.com

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