The funding comes as Globe maintains its 2026 capital expenditure budget at under $1 billion (about P61.4 billion), underscoring its commitment to expanding digital infrastructure and strengthening network quality.
The proceeds of the BDO facility will be used to partially fund capital expenditures, refinance debt and support general corporate requirements.
The company spent P12.7 billion on capital expenditures in the first quarter, up 51 percent from a year earlier, driven by targeted investments in network expansion and capacity upgrades.
About 91 percent of the spending was allocated to data-related projects, highlighting Globe’s focus on supporting rising demand for digital services and connectivity.
Capital expenditures accounted for 30 percent of service revenues during the period, while helping support the company’s improving free cash flow profile.
—Edited by Miguel R. Camus
