Smart secures P2B green loan from Metrobank for 5G expansion

Smart Communications Inc. has secured its first P2 billion green loan from Metropolitan Bank & Trust Co. (Metrobank) to fund its nationwide 5G network expansion.

The loan is classified as 'green' because Smart has committed that its 5G assets will enhance energy efficiency in providing connectivity services.

PLDT CFO Danny Yu explained that 5G networks are capable of handling more data traffic at higher speeds, thus consuming less energy per gigabyte transferred compared to 4G.

Yu further noted that 5G offers superior speeds and lower latency, leading to quicker app loading times and reduced overall energy consumption for consumers.

This financial milestone signifies Smart's commitment to a sustainable, low-carbon digital future by investing in energy-efficient technologies while pursuing business growth.