Globe secures P20B in loans

Globe secures P20B in loans

MANILA, Philippines – Globe Telecom Inc. has secured P20 billion in loans to bankroll the construction of additional telecommunication infrastructure, refinance debts and fund general corporate matters. In a disclosure over the weekend, the Ayala-led telco giant said BDO Unibank Inc. and Metropolitan Bank & Trust Co. each extended a P10-billion loan. This year, Globe has

Globe takes out loans from BDO, Metrobank

Globe Telecom is borrowing money from BDO and Metrobank to boost its network.

Globe secures P20-B term loan facility for capex - BusinessWorld Online

GLOBE TELECOM, Inc. said it had signed P20 billion in loan facilities with two local banks to fund its capital expenditures (capex) and reduce debt.  In a media release on Sunday, the Ayala-led telecommunications company said it secured P10 billion each from BDO Unibank, Inc. and Metropolitan Bank & Trust Co. As of end-December, Globe’s capex for 2024 stood at approximately P56.2 billion, down 20% from 2023. Of this, 90% was allocated to data in…

Globe to bring connectivity to 100 more remote areas in 2025

Mindanao's longest-running community newspaper

Globe to Bring Connectivity to 100 More Remote Areas in 2025

Globe is set to connect 100 more Geographically Isolated and Disadvantaged Areas (GIDAs) to its network in 2025, bringing vital digital services to more underserved communities across the country.“Connectivity is a fundamental enabler of progress. By expanding network infrastructure in GIDAs, we are unlocking access to education, healthcare, and economic opportunities for millions of Filipinos. Globe remains steadfast in working with industry pa…

Globe secures ₱20B loans from BDO and Metrobank

Globe emphasized that its network investments aim to provide wider access to digital opportunities across the Philippines.