MANILA (Bloomberg): PLDT Inc, the Philippines’ biggest telecommunications and digital services provider by market value, is considering selling its local towers in a deal that could be worth about US$800 million, according to people with knowledge of the matter.
The Makati-based company is working with an adviser on the planned disposal, said the people, who asked not to be identified as the process is private. A transaction would involve PLDT selling the towers and then leasing them back, the people said.
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