GLOBE Telecom Inc. has secured a P10-billion term loan from the Land Bank of the Philippines (LandBank) to help finance its capital expenditure (capex) program, refinance existing debt and support general corporate requirements.
In a disclosure on Thursday, the Ayala-led telecommunications company said it was committed to pursuing a disciplined capital investment strategy, keeping its full-year 2026 cash capex guidance of below $1 billion.
Globe said it would also continue to invest in critical network infrastructure “to support the country’s growing digital adoption and evolving customer needs.”
The telco spent P12.7 billion on capital expenditures in the first quarter, up 51 percent from a year earlier, with about 91 percent allocated to data-related projects.
“Capex accounted for 30 percent of service revenues during the period, supporting Globe’s goal of strengthening its network while sustaining a healthy free cash flow profile and prudent financial position,” the company said.
Globe underscored its ongoing focus on expanding digital capacity and delivering “best-in-class customer experience” as part of efforts to invest in resilient and future-ready digital infrastructure.
These efforts, it said, are aimed at empowering more Filipino homes and businesses with consistent, reliable connectivity and robust digital solutions.
Globe shares on Thursday rose P20.00, or 1.11 percent, to close at P1,824.00 each.
