Globe Telecom secured a ₱5 billion term loan facility from BDO Unibank, Inc. to support its capital expenditures (capex), debt refinancing, and general corporate funding requirements.
The financing comes as Globe continues to invest in its network infrastructure amid growing demand for connectivity and digital services in the Philippines. The company’s cash capex guidance for full year 2026 is set at below $1 billion, with investments focused on improving network capacity and preparing its infrastructure for future digital needs.
Globe invested ₱12.7 billion in capex during the first three months of 2026, a 51% increase compared with the same period last year. The spending accounted for 30% of service revenues during the quarter and supported the company’s efforts to improve network performance while maintaining financial discipline.
Around 91% of Globe’s cash capex during the period went to data-related initiatives, reflecting the continued shift toward mobile data, broadband, and other digital services among Filipino consumers and businesses.
The company said the investments will help expand digital access and strengthen its infrastructure as more Filipinos rely on online services for work, education, entertainment, and business operations.