Globe Telecom Inc. is borrowing ₱10 billion from state-run Land Bank of the Philippines to support its network expansion, capital expenditures, debt refinancing and other corporate needs.
The company said the loan will help fund its disciplined investment strategy while maintaining its capex guidance of below $1 billion for the year.
Globe spent ₱12.7 billion on network upgrades in the first quarter, with most of the spending focused on data-related improvements.
The telecom firm has expanded its 5G network to cover more than 98% of Metro Manila and key cities in the Visayas and Mindanao.
Despite a decline in first-quarter net income, Globe reported higher revenues driven by strong demand for mobile data services.
Source: PhilNews24 | July 17, 2026
