Globe Telecom Closes Term Loan Facility with Bank of Commerce

Globe Telecom, Inc. signed a term loan facility of P5 billion with Bank of Commerce. The loan shall be used to partially finance the Company’s capital expenditures (capex), debt refinancing, and other general corporate requirements.

Globe's capex guidance for the full year 2025 is below US$1 billion, which reflects the Company’s continued investments to strengthen and future-proof its network, ensuring it remains responsive to the growing demand for digital services and emerging technologies.

In the first half of 2025, Globe had invested approximately P18.9 billion in capex, 33% lower compared to the same period in 2024. In line with the Company’s optimized capital deployment initiatives, the cash capex-to-revenue ratio improved to 24% from 34%, and the capex-to-EBITDA ratio decreased to 45% from 66%. Similar to prior periods, around 91% of Globe’s cash capex was invested in data requirements, reinforcing its commitment to expanding digital infrastructure.

With focused investments and innovation shaped by consumer needs, Globe is helping more Filipino homes and small businesses thrive in today’s connected world.