Globe Telecom has signed a 7-year, P 7 billion term loan with the Philippine National Bank to fund its Capex (capital expenditures) and general corporate requirements for 2015.
The Capex of Globe Telecom for 2015 would be nearly $650 million. The company will be investing 75 percent of the total Capex on data-related projects.
Globe Telecom will be investing in its Tattoo LTE mobile and Tattoo Home Broadband, particularly broadband DSL augmentation, mobile and wireless broadband capacities and coverage rollout for 3G, HSPA+ and DSL network, as well as capacity upgrades for transmission, international cable facilities and its core network.
The company said 25 percent of the Capex will be invested for investments in new platforms and business support systems in line with product innovations, store deployment and other corporate requirements.
Globe has clocked consolidated service revenues of P 99 billion in 2013.
editor@telecomlead.com
