Globe has completed the transfer of the final batch of towers to Unity Digital Infrastructure (Unity), which ends its sale and leaseback deal with the company. The latest transfer, which involved 121 tower sites, was valued at ₱1.45 billion.
“This move is not just about enhancing our financial flexibility and reinforcing fiscal responsibility; its paramount importance lies in the improved connectivity it enables across the Philippines,” said Ernest Cu, president and CEO, Globe.
The assets include 90% ground-based towers and 10% rooftop towers. This move brings the total number of towers transferred to Unity since 2023 to 447.
“Today marks another significant milestone as we successfully complete the transfer of all towers sold to Unity—our second 100% tower transfer following last year’s achievement with Frontier Towers,” said Juan Carlo Puno, Globe’s chief financial officer. “This transaction further enhances our financial flexibility, allowing us to optimize our capital structure, efficiently manage leverage, and strategically reinvest in network expansion to meet the evolving demands of our customers while ensuring long-term sustainability.”
Globe has now transferred 6,849 of the 7,506 towers in its Sale and Leaseback portfolio, generating around ₱87.9 billion. The company transferred 2,410 towers in 2022, 2,057 in 2023, and 2,205 in 2024. As of March 2025, 177 towers have been turned over, generating about ₱2.16 billion. Globe will announce future closings as conditions are met.
“Through this acquisition, Unity can make more towers available for colocation in support of the government’s common tower program. We look forward to further deepening our partnership with Globe and building new towers across the country,” said Robin Patrick Sarmiento, CEO of Unity,