Globe closes ₱5 billion BDO loan to fund capex, refinancing

Globe Telecom Inc. has closed a ₱5-billion term loan facility with BDO Unibank Inc. to support its capital expenditures, debt refinancing, and general corporate funding requirements.

In a disclosure filed with the Philippine Stock Exchange and the Securities and Exchange Commission, Globe said the loan will help partially finance its continued investments in network expansion and digital infrastructure.

Globe earlier set its 2026 cash capex guidance at below US$1 billion as it continues to strengthen and future-proof its network amid growing demand for connectivity and digital services.

The company said it invested ₱12.7 billion in capex in the first quarter of 2026, up 51 percent year-on-year, with around 91 percent of cash capex allocated to data-related initiatives.

Globe said the investments are aimed at expanding digital capacity, improving network quality nationwide, and supporting more Filipinos, households, and businesses in the digital age.