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Stock impact report

PLDT Group pioneers tower sharing in the Philippines

PLDT Inc. Sponsored ADR (PHI) 
US:NYSE Investor Relations: pldt.com/investor-relations
Company Research Source: PR Newswire
PLDT Group announces landmark sale and leaseback towers deal of PHP 77 billionMajor investment by international tower operators represents a strong endorsement of the country's recovery from the pandemic and its long-term growth prospectsSignificant efficiencies and improved connectivity to benefit all FilipinosSmart's customers to enjoy superior network quality, improved resilience, and even better customer experienceSupports the Philippine DICT's goal of improving tower density  MANILA, Philippines, April 19, 2022 /PRNewswire/ -- The country's largest integrated telco, PLDT Inc. ("PLDT") (PSE: TEL) (NYSE: PHI), announced today that its subsidiaries, Smart Communications, Inc. ("Smart") and Digitel Mobile Philippines, Inc., have signed Sale and Purchase Agreements in connection with the sale of 5,907 telecom towers and related passive telecom infrastructure for PHP 77 billion, a landmark transaction that is expected to have far-reaching benefits for all. This pioneer undertaking supp Show less Read more
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