
Globe Telecom Borrows ₱10 Billion from Land Bank for Network Improvements
Globe Telecom, Inc. (PSE: GLO) has announced that it secured a term loan facility worth ₱10 billion from the Land Bank of the Philippines, according
Globe Telecom, Inc., formerly known as Globe Mackay Cable and Radio Corporation (GMCR), listed its shares in the Philippine Stock Exchange and became the first telecommunications company in the Philippines to do so. Since its historic listing in 1975, Globe has stood at the forefront of the country’s digital transformation, consistently shaping how Filipinos connect, communicate, and thrive in an increasingly interconnected world.
Globe is now the largest telecommunications company in the Philippines in terms of market capitalization, with trading symbol GLO at the Philippine Stock Exchange and a market value of over P363 billion as of end-August trade. As of September 30, 2025, there are approximately 4,052 holders of Globe Telecom’s common stock, with foreign ownership remaining below the limit of 40% at 25.47% based on the total outstanding shares.
The Group has diversified beyond its core carriage business into InfoCommunications (ICT), cybersecurity, and digital marketing, with its carriage business generating steady cash flows, while digital operations serve as growth engines into the future. Once a telco business only, the Globe Group of Companies has expanded into various digital solutions businesses and has successfully transformed its telco business into a technology-based solutions provider with a footprint in fintech, healthcare, entertainment, adtech, e-commerce, manpower, IT services, and venture capital.
In 2019, Globe launched the Philippines’ first 5G network, initially available to broadband customers. Globe upgraded its network, launched innovative internet packages, and pioneered 5G, opening new possibilities for seamless streaming, remote work, and staying connected while on the move. In 2019, Globe joined the United Nations Global Compact, reinforcing its commitment to universal sustainability principles, and is proud to be a constituent of the FTSE4Good Index Series, having met the rigorous Environmental, Social, and Governance (ESG) criteria set by FTSE Russell.

Globe Telecom, Inc. (PSE: GLO) has announced that it secured a term loan facility worth ₱10 billion from the Land Bank of the Philippines, according

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