GNI: Series A equity raise for Phil-Tower Consortium Inc (“PTCI”)

Private capital raise


Global Network Inc.

Investor group

Lead investor(s):

  • Macquarie Capital

Follow-on investor(s):

  • Not applicable

Transaction summary

Deal value


Transaction highlights

  • Innovative structure designed to minimise dilution to the founding shareholders
  • Capital raised at an attractive valuation, especially given the greenfield nature of operations
  • Series A raise will enable PTCI to accelerate the rollout of telecommunication towers in the Philippines



Client description

  • GNI builds and operates digital infrastructure in emerging markets, including Philippines, Malaysia, Indonesia and Myanmar
  • PTCI, a leading independent tower company in the Philippines, is rolling out more than 1,000 build-to-suit telecommunications towers across the Philippines for the mobile operators
  • PTCI is majority owned and managed by GNI

Redpeak role

Sole financial adviser to GNI on the capital raise

Coordinated all aspects of transaction execution including structuring, due diligence, negotiations and documentation

Favourably positioned the investment opportunity to attract significant buyside interest from private equity and infrastructure funds

Ensured timely closing, notwithstanding COVID-19 restrictions and lockdowns in the Philippines