Globe secures P7.54B loan from Mizuho Bank for capex and debt refinancing

Globe Telecom has secured a ¥20 billion (around P7.54 billion) loan facility from Mizuho Bank to fund its capital expenditures and debt refinancing.

This loan agreement with the Japanese lender supports Globe's strategic capital management and ongoing network enhancement projects.

The telco's capital expenditure for the first nine months of 2025 amounted to P31.4 billion, a decrease from P41 billion last year, reflecting a focus on efficient resource allocation.

Globe aims to keep its full-year capex below $1 billion, with a significant portion dedicated to data-related projects to boost national digital capacity and connectivity.

In the first nine months of 2025, Globe built 1,375 new cell sites, upgraded 8,699 existing mobile sites, deployed 60,193 fiber-to-the-home lines, and expanded its 5G footprint with 877 new sites.