September 13, 2025 | 12:00am
MANILA, Philippines — Telco-to-tech big Globe Telecom Inc. has signed a P5-billion mortgage from San Miguel-led Financial institution of Commerce (BankCom) to finance its capital and debt expenditures for the rest of the yr.
In a disclosure, Globe mentioned it has entered right into a P5-billion time period mortgage facility with BankCom to partially fund capital expenditures and debt funds.
Though Globe is winding down capex this yr, the telco stays eager on increase community property to extend nationwide protection and welcome extra subscribers.
“Globe’s capex steerage for the complete yr 2025 is beneath $1 billion. (This) displays the corporate’s continued investments to strengthen and future-proof its community, guaranteeing it stays aware of the rising demand for digital companies and rising applied sciences,” Globe mentioned.
Globe has some catching as much as do to succeed in its capex steerage for this yr. As of June, the telco has spent P18.9 billion, primarily for enlargement of its infrastructure community.
Furthermore, Globe improved its capex depth — measured as capex as a ratio of income — to 24 % from 34 % in the course of the interval.
The telco additionally decreased its capex-to-earnings ratio to 45 % from 66 %, gaining from efforts to optimize capital utilization by specializing in precedence markets.
“With targeted investments and innovation formed by shopper wants, Globe helps Filipino houses and small companies thrive in in the present day’s related world,” Globe mentioned.
It additionally slashed bills to attenuate the influence of income decline to its financials.
Globe recorded a 14-percent drop in web earnings to P12.44 billion within the first half from P14.54 billion a yr in the past.
The telco trimmed spending by three % to P45.09 billion, however income additionally fell to P87.25 billion. Nonetheless, Globe is assured it might recuperate within the second half, particularly within the cellular section, the place it’s again on prime because the supplier with the biggest subscriber base.
