Globe Telecom, Inc. signed a JPY 20 billion term loan facility with Mizuho Bank Ltd., the banking subsidiary of Mizuho Financial Group. The company said the loan will help fund capital expenditures, debt refinancing, and other general corporate needs.
Globe reported about ₱31.4 billion in capital spending in the first nine months of 2025, down from ₱41 billion in the same period last year. The company said the lower spending shows its plan to manage investments more carefully while continuing essential network upgrades. Its full-year capital spending guidance remains below $1 billion.
The company’s cash capex-to-revenue ratio improved to 26% from 33%. The capex-to-EBITDA ratio also went down to 49% from 63%. Globe said the changes show better capital efficiency and more room for investment. About 89% of spending continued to go to data-related projects, which the company said supports efforts to improve digital capacity and expand connectivity nationwide.
Globe said it will continue to focus on targeted network projects for the rest of the year as it aligns investments with customer demand.