Globe locks in P10-billion Landbank loan
Globe Telecom Inc. has secured another multibillion-peso loan to support its 2026 capital expenditure program, this time tapping state-run Land Bank of the Philippines for P10 billion.
This term loan facility will partly finance the Ayala-led telco company’s below-$1-billion capital spending plan for the year, while also supporting debt refinancing and general corporate funding requirements, Globe said in a disclosure on Thursday.
This fresh financing comes on top of the P5-billion loan Globe secured from BDO Unibank Inc. last month, which was likewise earmarked for the same purposes.
“Globe continues to pursue a disciplined capital investment strategy, maintaining its full-year 2026 cash capex guidance of below $1 billion, while investing in critical network infrastructure to support the country’s growing digital adoption and evolving customer needs,” the telco said.
Bank borrowings have long been part of Globe’s funding strategy. Last year, the telco also obtained a P5-billion loan from Bank of Commerce to help finance capital expenditures and refinance existing debt.
As of the first quarter, Globe had already spent P12.7 billion on capital expenditures, up 51 percent from a year earlier as it accelerated investments in network expansion and capacity upgrades.
The first-quarter outlay represented 30 percent of service revenues during the period.
