PLDT, one of the country's major telco players, raised PHP 57.7 billion after selling 4,435 towers to two international companies.
In April, PLDT said the towers would be sold to foreign companies edotco Group and EdgePoint. The telco giant also said it is set to gain PHP 77 billion from the deals.The group reiterated that this move complements the government's push to expand the common tower market, which the Department of Information and Communications Technology sees as a vital effort to improve connectivity across the country.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.