Globe Telecom, Inc. has secured a JPY 20-billion term loan facility from Mizuho Bank Ltd., giving the telco fresh firepower to fund capital expenditures, refinance debt, and support general corporate needs as it sharpens its investment strategy for 2025.
The new funding comes as Globe dialed down capital spending in the first nine months of the year, with capex sliding 23 percent to P31.4 billion from P41 billion a year earlier. The deliberate slowdown underscores the company’s shift toward tighter capital management while protecting spending for essential network upgrades and capacity expansions.
Globe’s capital efficiency metrics also showed marked improvement. The cash capex-to-revenue ratio eased to 26 percent from 33 percent, while the capex-to-EBITDA ratio narrowed to 49 percent from 63 percent. These gains, the company said, reflect stronger investment discipline and greater balance sheet flexibility—positioning Globe to selectively ramp up network initiatives in the final quarter.
Data continued to dominate spending priorities, accounting for about 89 percent of total capex as Globe doubles down on digital capacity and nationwide connectivity improvements.
“With focused investments and innovation driven by customer demand, Globe remains committed to enabling more Filipinos to thrive in a digital-first economy,” the company said.
The yen-denominated loan strengthens Globe’s liquidity position as the telco navigates a competitive market, rising data usage, and the ongoing need to modernize infrastructure—ensuring it can sustain growth while maintaining positive free cash flow.
