Globe Telecom Inc. said Friday it had signed term loan facilities with BDO Unibank, Inc. and Land Bank of the Philippines for P10 billion and P5 billion, respectively.
In a disclosure to the Philippine Stock Exchange, Globe said the loans shall be used to finance the company’s capital expenditures, debt refinancing and for general corporate requirements.
The telco said it invested a record level capital expenditure of P65.4 billion as of end-September 2021, surpassing last year’s full year investment of P60.3 billion.
About 84% of the capex investment went to data network builds to address and elevate mobile and internet experience for a greater number of Filipinos.
As part of its campaign to deliver first-world connectivity to Filipinos, Globe said it sustained its network build momentum with 1,080 new cell sites, upgrading at least 12,900 sites including both 4G LTE and 5G, and installing over one million fiber-to-the-home lines, which already surpassed this year’s full-year target. — VBL, GMA News
Globe inks loan deals with BDO, Landbank
Source: News Panda Philippines
0 comentários :
Post a Comment