Philtower Consortium Inc. signed definitive agreement to acquire 1,350 telecommunication towers and related passive infrastructure from Globe Telecom, Inc. for PHP 20 billion on September 23, 2022. The Board of Globe Telecom approved the deal on August 11, 2022. On February 11, 2023, Globe closed 578 towers to be acquired by PhilTower for approximately PHP 8.6 billion.

Mark Robinson, Jamie McLaren, Victor Chiew, Kathryn Thornton of Herbert Smith Freehills LLP acted as legal advisor to Globe Telecom, IncMark Robinson and Jamie McLaren of Herbert Smith LLP, Singapore acted as legal advisor to Globe Telecom, Inc. White & Case LLP acted as legal advisor to Philtower Consortium Inc. UBS Investments Philippines, Inc. acted as exclusive financial advisor to Globe Telecom, Inc. As of April 28, 2023, Globe closed 132 towers to be acquired by PhilTower for approximately PHP 2.0 billion.