Globe signed term loan facilities with BDO Unibank, Inc. and Land Bank of the Philippines for ₱10 Billion and ₱5 Billion, respectively. The loans shall be used to finance the Company’s capital expenditures, debt refinancing and for general corporate requirements.
Globe invested a record level capital expenditure of ₱65.4 billion as of end-September 2021, surpassing last year’s full year investment of ₱60.3 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 Globe’s campaign to deliver first-world connectivity to Filipinos, the company 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. Globe is fully committed to support 10 of the United Nations Sustainable Development Goals, such as UNSDG No. 9 highlighting the role of infrastructure and innovation as crucial drivers of economic growth and development.
