The deal comes as the telco reins in its 2025 capital spending guidance this year, underscoring this will stay below $1 billion.
The telco giant said this shows “tighter capital discipline after years of heavy network rollout”.
In the first half of 2025, Globe cut capex by 33 percent to P18.9 billion, channeling most of the funds into data infrastructure.
The pullback improved efficiency, with the cash capex-to-revenue ratio easing to 24 percent from 34 percent and the capex-to-ebitda ratio dropping to 45 percent from 66 percent.
Globe said the leaner spending plan keeps its network future-ready while preserving balance sheet strength.
—Edited by Miguel R. Camus
