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 to a press release filed with the Securities and Exchange Commission on July 15, 2026.
What is This Loan For?
Think of this like borrowing money to improve your business. Globe will use this ₱10 billion loan for three main things:
- Capital expenditures (capex) – This is money spent on building and improving their network, like putting up cell towers and upgrading internet equipment
- Debt refinancing – This means paying off older loans, sometimes to get better interest rates
- General corporate funding – Money needed to run the company’s day-to-day operations
Globe’s Spending Plans for 2026
According to the company, Globe is sticking to its full-year 2026 budget of less than US$1 billion for capital spending. The company says it’s maintaining a “disciplined capital investment strategy” while still building critical network infrastructure to keep up with Filipinos’ growing use of digital services.
How Much Has Globe Spent So Far?
In the first three months of 2026, Globe spent ₱12.7 billion on capital expenditures. This is 51% more compared to the same period last year – meaning they spent about half-again as much money on improvements.
This spending represented 30% of their service revenues during that period. Most importantly, about 91% of this money went to data-related projects – things that help improve internet speed and connectivity for customers.
About Globe Telecom
Globe Telecom is one of the major telecommunications companies in the Philippines, providing mobile, broadband, and other digital services to Filipino homes and businesses. As of June 18, 2026, the company has 144,631,574 common shares outstanding. The company’s total debt as of March 31, 2026 stood at ₱251.237 billion.
The company is headquartered at The Globe Tower, located at 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
