GLOBE Telecom Inc. on Tuesday closed the sale of more towers to two companies, raising profits to date from the asset transfers program to P51.9 billion.
Globe Telecom Inc. said on Wednesday it has achieved the fourth closing of 113 towers sold to Frontier Tower Associates Philippines Inc. and another 100 towers to Miescor Infrastructure Development Corp. (MIDC) for a total consideration of P2.6 billion. The company said the latest transaction with Frontier involved 77 percent…
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines.
ACEN Corp., the renewable energy (RE) arm of Ayala Corp., announced on Monday that it signed solar power deals worth almost P4.5 billion. In a regulatory filing, ACEN said it signed a subscription agreement with wholly-owned subsidiary Giga Ace 8 Inc. for the subscription by ACEN of 12,296,920 Common A…
Flag carrier Philippine Airlines (PAL) said on Monday it started its Cebu-Borongan operation, which could “boost business and tourist travel to the popular surfing spot that is winning the attention of adventurous travelers.” “We are delighted to link Borongan City with Cebu for the first time, opening direct access for…