Globe Telecom secures 20B pesos in loans to expand networks, strengthen infrastructure

Globe Telecom announced on Monday that it has secured loans of ₱10 billion each from BDO Unibank and Metropolitan Bank and Trust Company (Metrobank).

The said funds are allocated for capital expenditures, debt refinancing, and other corporate needs, underscoring Globe's commitment to enhancing network infrastructure and ensuring equitable access to the digital economy across the Philippines.

In 2024, Globe invested ₱56.2 billion in capital expenditures, primarily addressing data requirements wherein, the company constructed 1,212 new cell sites, upgraded 4,613 existing sites with LTE technology, and deployed 67,456 fiber-to-the-home lines to strengthen its fiber network.

Despite a 1% decrease in net income to ₱24.3 billion from the previous year, Globe's core net income rose by 14% to ₱21.5 billion, reflecting robust operational performance.