Globe, the country’s mobile leader, said over the weekend that it is optimistic about achieving positive cash flow by 2025, driven by its strategic reduction in capital expenditure.
From the experience of Thailand and Vietnam, it is imperative that cell sites and other infrastructure should not just be left to the responsibility of telcos. The provisions of telecommunications services are so vital to our nation’s development that the government and all sectors of the country must support this.
Globe Telecom’s data center expansion plans received a boost after its strategic partner, ST Telemedia Global Data Centres of Singapore, secured backing from leading industry names, resulting in the region's largest digital infrastructure deal of 2024.
PLDT Inc.’s looming sale of half its data center business to a strategic partner could generate sufficient cash to cover debt payments for two years, according to AP Securities.
Industry challenger DITO Telecommunity is aiming for a strong finish this year, lifted by the addition of two million new subscribers in the first five months.