Philippines-based PLDT Incorporated has generated PHP1.9 billion from the sale of 135 telecommunications towers to Unity Digital Infrastructure Incorporated, a joint venture comprising the Aboitiz Group and Partners Group. The towers, located in Visayas and Mindanao, are the first batch delivered of the 650 assets ordered.
The remaining towers will be transferred over the upcoming months and are expected to generate an additional PHP7.3 billion. PLDT is aiming to conclude the sale before the end of 2023.