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MANILA, Philippines – Globe Telecom Inc. has secured a P5-billion loan from BDO Unibank Inc. to help fund its 2026 capital expenditure (capex) program, which is expected to remain below $1 billion and focus primarily on network expansion.
In a disclosure on Wednesday, the Ayala-backed telco said the proceeds would also be used to refinance debt and support general corporate requirements.
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As of the first quarter, Globe had already invested P12.7 billion, up 51 percent from a year earlier. The company attributed this to targeted investments in network expansion and capacity enhancements.
