Globe Telecom, Inc. has secured P10 billion in term loans each from BDO Unibank, Inc. and Metropolitan Bank & Trust Company. The loans will finance the capital expenditures (capex), debt refinancing, and general corporate requirements, further bolstering Globe’s commitment to enhancing its network infrastructure and meeting growing digital demand.
The loan is part of Globe’s strategy to optimize its resources and improve its financial flexibility as it continues to expand its services. In line with this, Globe’s cash capex for the full year 2024 amounted to approximately P56.2 billion, a 20 percent reduction from 2023. Despite the reduced capex, the company allocated 90 percent of the budget to strengthen its data infrastructure, ensuring continuous access to digital services for its customers.
The company’s infrastructure development efforts are reflected in the construction of 1,212 new cell sites and the enhancement of 4,613 existing mobile sites with LTE technology as of December 2024. Additionally, Globe rolled out 67,456 fiber-to-the-home (FTTH) lines, significantly boosting its fiber network. This rollout strategy focuses on maximizing existing fiber resources to enhance network utilization and ensure a more efficient return on investment.
Globe’s ongoing investments in network infrastructure align with the broader goal of promoting equal access to the digital economy across the Philippines. By enhancing its infrastructure, Globe supports both economic progress and innovation, in line with the United Nations’ Sustainable Development Goal No. 9, which advocates for strong infrastructure and innovation to foster economic growth.
As the company continues to optimize its network and expand digital services, these new loan facilities will enable Globe to maintain its leadership in the telecommunications sector while addressing the growing demand for reliable and accessible connectivity in the Philippines.
