Globe secures P5 billion loan for capex and debt refinancing

Ayala-led Globe Telecom has secured a P5 billion loan from Bank of Commerce to fund its capital expenditures, debt refinancing, and general corporate requirements for the year.

The telco aims to enhance its network assets to increase national coverage and accommodate more subscribers.

Globe's capital expenditure guidance for the full year 2025 is set to be less than the P55 billion it earmarked in 2024, reflecting a tighter approach to capital spending.

This budget still signifies continued investments to strengthen and future-proof its network in response to the growing demand for digital services and emerging technologies.

In the first six months of 2025, Globe's capital spending was reduced by 33 percent to P18.9 billion, with 91 percent allocated to digital infrastructure.

The company's net income in the first half of 2025 dropped by 14 percent to P12.4 billion, and consolidated gross service revenues dipped by 2 percent to P80.2 billion.