Globe Telecom, Inc. signed term loan facilities of Php10 Billion each with BDO Unibank, Inc. & Metropolitan Bank & Trust Company. The loans shall be used to finance the Company’s capital expenditures (capex), debt refinancing and/or general corporate requirements.
Globe’s full-year cash capex for 2024 reached approximately ₱56.2 billion, a 20% decrease compared to 2023. Notably, 90% of the capex was invested in data requirements, ensuring uninterrupted access to digital solutions and connectivity services for Globe’s customers.
As of end-December 2024, Globe had constructed 1,212 new cell sites and enhanced 4,613 existing mobile sites with LTE technology. Additionally, the company deployed 67,456 fiber-to-the-home (FTTH) lines to bolster its fiber network. This rollout prioritized the optimization of existing fiber resources to increase utilization and improve investment efficiency.
Globe’s ongoing investment in network infrastructure reflects its dedication to providing equal access to the digital economy for all communities in the Philippines. By enhancing and expanding its network, the company aims to support economic progress and innovation, aligning with its commitment to the United Nations’ Sustainable Development Goal No. 9. This goal emphasizes the importance of strong infrastructure and innovation in driving economic development.
