Tag: Globe Telecom

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Globe trims hybrid debt, strengthens balance sheet

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

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

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

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.

Globe leaders drive connectivity discussions at MWC Barcelona 2025

Globe Telecom senior executives made significant strides in global connectivity conversations at the Mobile World Congress (MWC) 2025 in Barcelona. CEO Ernest Cu, deputy CEO Carl Cruz, and other senior leaders represented the company at high-level industry discussions, showcasing solutions tailored to emerging markets like the Philippines.

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Logistics reform targets costs, congestion, competitiveness

The government is seeking public feedback on a sweeping logistics reform that could reshape how goods move across the Philippines, tackling high shipping costs and chronic port congestion that have long weighed on businesses and supply chains.

P10.07B risk-mitigating fund set to reenergize geothermal sector

The National Geothermal Association of the Philippines (NGAP) expressed strong optimism for the future of local renewable energy following the approval of the ₱10.07 billion Philippine Geothermal Resource De-Risking Facility (PGRDF) by the Economy and Development Council. The landmark fund specifically targets high upfront exploration and initial drilling costs, which have historically acted as barrier to greenfield geothermal projects. By absorbing a portion of the financial uncertainties, the facility targets unlocking vital indigenous baseload energy, reduce the country's reliance on imported fuels, and bolster long-term energy security.

SEC approves San Miguel’s P30 billion preferred share offering

The Securities and Exchange Commission (SEC) has given the green light to San Miguel Corporation’s follow-on offering of preferred shares, valued at up to P30 billion.

SEC lifts ban on new online lending platforms starting August 1 

The Securities and Exchange Commission (SEC) will lift the moratorium on new online lending platforms on August 1, 2026, bringing an end to the restriction first imposed on November 5, 2021, after over four years. Alongside this, the SEC is implementing strict new standards safeguarding consumers and curbing unfair lending practices. The guidelines are outlined in Memorandum Circular No. 20, Series of 2026, and apply to all existing, newly registered, and prospective financing and lending companies that use mobile apps, websites, or other digital systems to extend credit to the public.

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