Globe Telecom Secures P3 Billion Loan for Capital Expenditures

Business News

Globe Telecom Secures P3 Billion Loan for Capital Expenditures
Globe TelecomTerm LoanCapital Expenditures
  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 23 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 55%

Globe Telecom, Inc. has secured a P3 billion term loan facility from the Bank of the Philippine Islands to finance capital expenditures, refinance existing debt, and address general corporate requirements. Additionally, the company secured loans from China Banking Corp. (P10 billion), Land Bank of the Philippines (P5 billion), and Metropolitan Bank & Trust Co. (P7 billion) to fund its capex, which amounted to P41 billion in the first nine months of the year, focused mainly on data requirements to ensure uninterrupted access to digital solutions.

Globe Telecom , Inc. has secured a P3 billion term loan facility from the Bank of the Philippine Islands to finance capital expenditures , refinance existing debt, and address general corporate requirements.

Globe had built 684 new cell sites and upgraded 2,723 existing mobile sites to LTE technology as end of September 2024.“These initiatives underscore Globe’s strategic focus on enhancing capacity utilization and maximizing network efficiency through prudent spending,” Globe said. Excluding the one-time gain from the tower sale, Globe’s normalized net income would have stood at P17.8 billion, or up by 20 percent from the year earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Globe Telecom Term Loan Capital Expenditures Bank Of The Philippine Islands Digital Solutions Connectivity Services

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alternergy's Tanay Wind project secures P1.5-B loan from BPI, Security BankAlternergy's Tanay Wind project secures P1.5-B loan from BPI, Security BankLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »

US says China-linked hackers stole surveillance data from telecom companiesUS says China-linked hackers stole surveillance data from telecom companiesWASHINGTON, USA – China-linked hackers have intercepted surveillance data intended for American law enforcement agencies after breaking in to an
Read more »

China-linked hackers stole surveillance data from telecom companies, US saysChina-linked hackers stole surveillance data from telecom companies, US saysLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »

Bacoor secures No. 2 seed, twice-to-beat bonusBacoor secures No. 2 seed, twice-to-beat bonusBacoor took care of business against San Juan, 25-8, 23-25, 25-21, 25-19, to clinch the No. 2 seed and the last twice-to-beat semifinal incentive in the 2024 Maharlika Pilipinas Volleyball Association on Monday night, Nov. 11, at the Bacoor Strike Gym in Cavite.
Read more »

SEC secures court conviction of suspects behind online gold investment scamSEC secures court conviction of suspects behind online gold investment scamTHE Securities and Exchange Commission (SEC) has secured the conviction of incorporators of Prosperous Infinite Holdings Phils. Corp. (SEC: PIPHC), the operator of Emgoldex Philippines, for soliciting investments from the public without necessary license from the agency.
Read more »

Globe VP calls for ‘soulful research’ amid rise of AIGlobe VP calls for ‘soulful research’ amid rise of AIResearchers should remember that humanity “remains the heart of research,” an executive of Globe Telecom told a regional conference. Speaking at the
Read more »



Render Time: 2025-02-07 17:23:00