Globe borrows P5 billion from Bank of Commerce for capex, debt refinancing

By San Matildo

Globe Telecom, Inc. has borrowed P5 billion from Bank of Commerce under a term loan facility to partially fund its capital expenditures, refinance existing debt, and cover other general corporate requirements.

For 2025, Globe has guided capital expenditures to stay below USD 1 billion, reflecting its strategy to strengthen and future-proof its network while keeping pace with rising demand for digital services and emerging technologies.

In the first half of 2025, the telco invested about P 18.9 billion in capex, 33 percent lower compared to the same period in 2024.

The adjustment is part of Globe’s capital deployment optimization, which improved its cash capex-to-revenue ratio to 24 percent from 34 percent and brought its capex-to-EBITDA ratio down to 45 percent from 66 percent.

As in previous years, roughly 91 percent of Globe’s cash capex went toward data requirements, reinforcing its commitment to expanding the country’s digital infrastructure.

The company said its investments and consumer-driven innovations aim to support Filipino households and small businesses in today’s increasingly connected economy.