Telecommunications company Globe signed a ₱5 billion term loan agreement with Bank of Commerce to support its capital spending, debt refinancing, and other corporate needs.
Globe has set its capital expenditure (capex) guidance for 2025 at below $1 billion. The company said the allocation is meant to strengthen its network and prepare for growing demand for digital services and new technologies.
“We continue to make focused investments guided by consumer needs,” Globe said. “Our goal is to support Filipino households and small businesses in adapting to today’s connected environment.”
In the first half of 2025, Globe spent about ₱18.9 billion in capex, a 33% decline compared to the same period in 2024. The company noted that its cash capex-to-revenue ratio improved to 24% from 34%, while its capex-to-EBITDA ratio dropped to 45% from 66%.
Globe said about 91% of its capex in the first half went to data requirements.