GLOBE Telecom, Inc. has signed an agreement to lease telecommunications towers in Southern Luzon to a unit of Thailand-based Sky Tower Plc. to monetize its assets.
Globe’s lease partnership signed on Feb. 6 with the Thai firm will be through the latter’s Philippine subsidiary, Skytowers Infra, Inc. No amount was disclosed for the leased towers.
Globe said that Skytowers will complement its sustainability efforts as the tower company committed to reduce its carbon footprint by using renewable energy. Thailand is one of the country’s major trade partners and a source of its rice imports. The Philippines and Thailand will celebrate their 75Skytowers offers telecommunications services and fiber optic solutions to Thailand, Malaysia, Vietnam, and Indonesia.
“We are pleased to expand our collaboration with Globe Telecom and provide them with our latest charging platform, offering seamless monetization opportunities for standalone 5G and beyond,” Amdocs Group President of Technology and Head of Strategy Anthony Goonetilleke said.
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