Globe secures P20B loan from BDO and MetroBank for capex

Globe Telecom secured a P20 billion loan facility from BDO Unibank and Metropolitan Bank & Trust Co., with P10 billion each from the two banks, to fund its capital expenditures and reduce debt.

The loans will be used to finance Globe's capex, debt refinancing, and other general corporate requirements as it aims to achieve positive free cash flow and optimize capital utilization.

For 2025, Globe anticipates its capex may fall below $1 billion from last year’s P56.2 billion, with 90% allocated to data infrastructure projects.

Last year, the company built 1,212 new cell sites, upgraded 4,613 existing ones with LTE technology, and deployed 67,456 fiber-to-the-home lines to strengthen its network.

Globe's investments aim to provide equal access to the digital economy while optimizing fiber resources for improved utilization.