Philippines' Globe Telecom secures PHP 5 billion loan from BDO for network investment and refinancing

en.Wedoany.com Reported - Philippine operator Globe Telecom has secured a PHP 5 billion (approximately USD 88 million) loan from BDO Unibank for capital expenditure, debt refinancing, and general corporate needs.

The financing comes as Globe continues its large-scale network investments while maintaining a prudent spending strategy. The operator has set its 2026 cash capital expenditure target at below USD 1 billion, aiming to balance network expansion with improved free cash flow and a stronger balance sheet.

In the first quarter of 2026, Globe's capital expenditure reached PHP 12.7 billion, up 51% year-on-year, primarily directed toward network expansion and capacity upgrades. This spending accounted for 30% of the quarter's service revenue.

Globe stated that approximately 91% of its first-quarter capital expenditure was allocated to data-related projects, reflecting its focus on expanding digital capacity and enhancing network quality to meet the sustained growth in demand for data and digital services. This investment plan is part of Globe's strategy to strengthen digital infrastructure while maintaining financial discipline. In recent years, the operator has focused on improving network performance and expanding fiber and mobile broadband coverage to support the growing demand for digital services in both consumer and enterprise sectors. Globe noted that the latest financing will help future-proof its network to address evolving connectivity needs, while enabling more households, businesses, and communities to participate in the digital economy.

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