The Philippines first sale and leasebacks
EdgePoint and edotco spend combined US$1.47bn on 5,907 towers from PLDT
On April 19 2022, two landmark transactions signaled a turning point for the Philippine tower industry, completely shifting the telecom infrastructure landscape of the country.
Philippines Long Distance Telecoms Company (PLDT), announced it had sold just under 6,000 towers to pan-Asian towercos edotco and EdgePoint Infrastructure in two separate deals worth a combined US$1.47bn.
While EdgePoint has not yet released the details of its transaction, PLDT has confirmed the $US1.47bn figure. edotco also revealed that it spent US$798.7mn on its towers, meaning EdgePoint forked out US$671.3mn for its share of the prize.