BusinessWorld
January 17, 2021 | 6:39 pm
Special Features Writer
Telcos, transportation, logistics see positive, digital-driven outlook
Connectivity has become more crucial when the coronavirus disease 2019 (COVID-19) pandemic restricted mobility. It halted public transportation for some time and disrupted logistics amid its continued operations, while pressing telcos to improve their services to meet a spiking demand.
With the economy proceeding into the new normal amid the ongoing battle against the pandemic, the reshaped telecommunications, transportation, and logistics sectors are expected to meet increased and intensified demands among consumers.
Addressing Internet issues
As the pandemic forced many to shift to remote work, online learning, and cashless banking, among others, it has further stressed that Internet connectivity is no longer a luxury but a necessity.
PLDT closes $128 million sale of Smart Tower msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
December 11, 2020 | 7:49 pm
PLDT, Inc. has concluded the sale of the 37-storey Smart Tower in Makati City for $128 million to real estate development company DMC Urban Property Developers, Inc, according to commercial real estate services firm JLL in a statement Friday
In an e-mail, JLL, a unit of US-listed Jones Lang La Salle Inc., said its client, PLDT, will continue to occupy the building, which houses the headquarters of its wireless arm, Smart Communications, Inc., “for the next five years via an accompanying leaseback agreement.”
“The sale price represents the largest commercial real estate transaction completed in the Philippines in 2020,” it added.
Real estate services firm JLL said Friday it concluded the sale of Smart Tower in Ayala Avenue, Makati City, on behalf of its client, PLDT Inc., for $128 million.
PLDT raises more capital than initially targeted in the deal. The tower will still be Smart's headquarters for the next 5 years as specified in a leaseback agreement.