Globe Telecom Signs ₱12-B Total Loans

Globe Telecom, Inc. has secured term loan facilities from Bank of the Philippine Islands (BPI), China Banking Corporation, and Robinsons Bank Corporation amounting to a total of PHP12 billion.

These loans will be utilized to fund the company's capital expenditures (CapEx), debt refinancing, and general corporate requirements. I Globe Store Gen3 SM East

These loans will be utilized to fund the company's capital expenditures (CapEx), debt refinancing, and general corporate requirements.

In the first nine months of the year, Globe invested PHP54.0 billion in CapEx, which represents a 27% decrease compared to the same period in 2022. This reduction in capex spending aligns with Globe's focus on capital efficiency and optimization.

A significant portion of this investment, 91%, was allocated to meet data requirements to ensure that customers have access to the best digital solutions and connectivity at all times.

Globe's continuous network expansion and enhancement support its commitment to the United Nations Sustainable Development Goals, particularly SDG No. 9, which emphasizes innovation and infrastructure as key drivers of economic growth.

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