Globe Telecom to push through modernisation plan in the Philippines

31 January 2012 | Angela Partington


Having signed a $90 million loan facility from China Banking Corp this week, Globe Telecom announces a five-year network modernisation plan.

Globe Telecom plans to use the $90 million floating rate term loan facility to finance its capital expenditures for 2012.

The company has embarked on a five-year network modernisation and IT programme which it estimates will cost $790 million in total. It claims that this will “boost voice and data capacity in anticipation of the growing demand for broadband...


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  • great article

    Jason Harvey Apr 12, 2012

 

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