Telecom Lead Asia: Globe Telecom said it will use
proceeds of the recent P10-billion retail bond issue to partially fund the $700
million network modernization program.
The ultimate purpose of this offer is for Globe to
create the happiest customers and the happiest employees. Globe is yet one step
closer to making our superior customer experience proposition a palpable and
pervasive reality,” said Globe President and CEO Ernest L. Cu.
Globe Telecom is future-proofing its network and
modernizing thousands of its cell sites across the country to cater to the
emerging mobile data traffic being caused by the growing number of smart
phones.
The telecom operator will be rolling out 10,000
kilometers of fiber optic in the implementation of Long Term Evolution (LTE)
technology that will bring high-speed data to mobile phones and other data
terminals. The company is also working on creating best-of-breed
responsive IT systems throughout the country.
The new network will enable Globe Telecom to offer quick
and reliable call connections, instantaneous text messaging, blazing fast
internet browsing, and proactively intelligent spot-on customer support.
With this endeavor, we aspire to be the truly
service-centric company that Filipinos come to love and loyally
patronize. Altogether, we fervently believe that through our
comprehensive transformation to serve customers better, Globe is advantageously
positioned to become the most preferred brand among telecommunication service
providers,” Cu added.
Globe officially traded P10 billion bonds in the
organized market via the Philippine Dealing and Exchange Corp. (PDEx). It
has two tranches which promise future formidable returns of 5.75 percent per
annum over five years and six percent per annum over seven years.
