Manila: Globe Telecom, Inc. has successfully secured a 20 billion Japanese yen term loan, equivalent to approximately PHP7.6 billion, from Mizuho Bank Ltd. This financial move is set to support the company in financing additional projects, refinancing existing liabilities, and addressing other corporate requirements.
According to Philippines News Agency, Globe disclosed this development to the Philippine Stock Exchange (PSE), outlining that its capital expenditures (capex) by the end of September this year stood at PHP31.4 billion. This figure marks a 23 percent decrease from the PHP41 billion recorded in the same period last year. The company noted that this reduction is part of a strategic approach to capital management, allowing for continued investment in essential network improvements while aligning with its full-year capex guidance of under USD1 billion.
The telecom firm further reported improvements in its financial ratios, with the cash capex-to-revenue ratio improving to 26 percent, down from 33 percent by the end of September 2024. Additionally, the capex to earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio decreased to 49 percent from 63 percent. These changes reflect an increase in capital efficiency and investment flexibility.
The disclosure emphasized that 89 percent of the capex was dedicated to data-related projects, underscoring Globe’s commitment to enhancing digital capacity and expanding nationwide connectivity. By focusing its investments on customer demand-driven innovation, Globe aims to empower more Filipinos to prosper in an increasingly digital economy.
