Globe secures P5-B loan from Bank of Commerce to fund capex

Globe Telecom has secured a ₱5 billion long-term loan from the Bank of Commerce to partly finance its 2025 capital expenditures, the company disclosed Friday.

The funds will also be used for debt refinancing and other general corporate requirements, Globe said in a filing with the Philippine Stock Exchange.

For this year, Globe set its capital expenditure guidance below USD1 billion (around ₱57 billion), reflecting what it described as continued investments to strengthen and future-proof its network to meet growing demand for digital services and emerging technologies.

As of end-June, the telco had invested ₱18.9 billion in capex, down 33 percent from the same period last year. Despite the lower spending, the company said its investments-to-revenue ratio improved to 24 percent in the first half of 2025 from 34 percent a year earlier.

“With focused investments and innovation shaped by consumer needs, Globe is helping more Filipino homes and small businesses thrive in today’s connected world,” the company said.