Globe secures P5-B BDO loan to fund capex, refinance debt

GLOBE Telecom, Inc. has secured a P5-billion term loan facility from BDO Unibank, Inc. to fund capital expenditures (capex), refinance debt, and support other corporate funding requirements.

In a stock exchange disclosure on Wednesday, Globe said proceeds from the loan will also be used for general corporate purposes.

For 2026, Globe expects its capex to fall below $1 billion (about P61 billion), citing a disciplined approach to capital optimization and a focus on generating higher returns from previous network investments while continuing network expansion.

“With focused investments and innovation shaped by consumer needs, Globe continues to strengthen its digital infrastructure, empowering more Filipinos, households, and businesses to succeed in the digital age,” Globe said.

For the three months ended March, Globe invested P12.7 billion in capex, up 51% from a year earlier, primarily for network expansion and capacity enhancements.

The company said first-quarter capex accounted for 30% of service revenues during the period.

About 91% of its cash capex was allocated to data-related initiatives.

For the first quarter, Globe’s attributable net income fell 20% to P5.55 billion from P6.98 billion a year earlier, as the absence of one-off gains booked in 2025 and higher financing costs offset revenue and core earnings growth driven by strong data demand.

For this year, the telecommunications company expects low- to mid-single-digit growth, supported by anticipated growth in service revenues.

At the Philippine Stock Exchange on Wednesday, Globe shares rose P2, or 0.11%, to close at P1,772 each. — Ashley Erika O. Jose