Leading digital solutions platform Globe said it has built 220 new cell towers and upgraded over 3,000 mobile sites to LTE in the first quarter of the year to meet the dynamic and evolving needs of its customers.
The Ayala-led telco also deployed around 118,000 fiber-to-the-home (FTTH) lines, lower than last year’s rollout as its focus shifts to maximizing the utilization of its existing fiber inventory and cater to the underserved prepaid fiber market.
This year, Globe focuses on the operational efficiency and sustainability of its free cash flow generation. It reduced capital spending to only P17.6 billion for January-to-March period, down 16 percent from the same period last year.
Globe’s total capex is expected to drop to $1.3 billion this year, following peak levels in the past three years, as it takes advantage of different opportunities to fast-track its network expansion and customer experience enhancements.
“Our focus this year is to ensure that we sustain the quality of experience, reliability and consistency of our network. Adding to this is using automation to bring down our operating costs,” Ernest Cu, Globe Group president and chief executive sad.
“We have also optimized our infrastructure on the ground to decrease CAPEX spend, even as we remain committed to continuously improve our services,” he added.
