GLOBE Telecom Inc. said Wednesday that it had signed a term loan facility worth P5 billion with BDO Unibank Inc. to partially finance its capital expenditures (capex), debt and general corporate funding requirements.
In a disclosure, Globe noted that it invested P12.7 billion in capex during the first quarter, up 51 percent from a year ago and driven by targeted investments in network expansion and capacity enhancements.
The telco added that approximately 91 percent of its cash capex was allocated to data-related initiatives, underscoring continued efforts to expand digital capacity and enhance network quality nationwide.
The company earlier announced a 2026 cash capex guidance of under $1 billion, which it said reflected continued investments to strengthen and future-proof its network, ensuring it remains responsive to evolving connectivity needs and the increasing adoption of digital services.
Globe’s share price on Wednesday rose by P2.00, or 0.11 percent, to P1,772, outperforming a 2.20-percent slump for the benchmark Philippine Stock Exchange index.
