17 September 2025
Globe Telecom has announced that it has secured a PHP5 billion loan from the Bank of Commerce to bolster its capital expenditure plans.
The telecommunications provider has already invested nearly US$1 billion in capital expenditures this year, aiming to expand and strengthen its network infrastructure in response to increasing demand for digital connectivity services.
The newly acquired funds will primarily be used to refinance existing debt and address general corporate needs. Globe has also obtained additional loans from BDO and Metrobank to support its ongoing deployment initiatives.
In the first half of the year, the company allocated around PHP18.9 billion of its resources to capital expenditures. Despite these investments, Globe reported a 14% year-on-year decline in net income to PHP12.4 billion, alongside a decrease in revenue, reflecting the challenging market environment.
