Tag: Globe Telecom

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Globe retires $426.4M debt via tender offer

Corporate Context.ph Context.ph -
Globe Telecom Inc., the financial technology and communications arm of the Ayala Group, has completed the settlement of its tender offer for outstanding USD600 million 4.2 percent senior perpetual capital securities, marking a significant step in active balance sheet management.

Globe trims hybrid debt, strengthens balance sheet

Corporate Context.ph Context.ph -
Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.

Globe, Starlink bring cell towers spaceward

Corporate Context.ph Context.ph -
Globe Telecom has made history by becoming the first mobile network operator to launch Starlink’s Direct to Cell (DTC) satellite service in the Philippines and Southeast Asia—and the second in Asia—marking a major leap toward universal mobile connectivity in the country.

Globe secures loan from Mizuho bank to boost network

Corporate Context.ph Context.ph -
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.

Globe signs renewable energy milestone with First Abacus Financial Center

Energy & Mining Context.ph Context.ph -
Globe Telecom has achieved a significant step toward its net-zero goals by fully transitioning The Globe Tower Cebu (TGTC) to 100 percent renewable energy.
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Luzon corridor puts $20-B project pipeline before investors

Economy 0
The Philippines put more than USD20 billion worth of infrastructure and industrial projects before about 600 local and foreign investors, seeking to turn the Luzon Economic Corridor (LEC) from a development blueprint into a pipeline of fundable deals.

Tiu Laurel urges ASEAN-India cooperation on food security risks

Agriculture 0
Agriculture Secretary Francisco P. Tiu Laurel Jr. called for stronger ASEAN-India collaboration Wednesday at the Ninth ASEAN-India Ministerial Meeting on Agriculture and Forestry, warning that geopolitical tensions, climate shocks, and volatile farm input costs threaten regional food supplies.

Luzon, Visayas co-ops seal 15-year power supply deals

Energy & Mining 0
Twenty-nine Luzon and Visayas electric cooperatives have secured long-term power supply agreements (PSAs) with six generation firms, ensuring stable electricity for millions, the National Electrification Administration (NEA) announced Thursday.

Meralco cites PNP support in curbing electricity theft

Energy & Mining 0
Manuel V. Pangilinan-led Manila Electric Company (Meralco) has recognized the Philippine National Police’s (PNP) support in addressing electricity theft as it pledged to sustain efforts to reduce system losses, particularly non-technical losses arising from illegal connections and power pilferage.

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