Globe Telecom secures to support capex and refinancing
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Globe Telecom has signed a new JPY20 billion (US$127 million) loan facility with Japan’s Mizuho Bank, adding fresh financing to support its capital expenditure plans and debt refinancing efforts.
The Ayala Corporation-backed operator said it invested PHP31.4 billion (US$532 million) in capex during the first nine months of 2025, down from PHP41 billion year-on-year. Globe said the reduction reflects its push for “strategic capital management,” prioritising essential network upgrades while keeping overall spending below its capex guidance of under US$1 billion.
The operator reported that its capex-to-revenue ratio improved to 26%, from 33% last year, while its capex-to-EBITDA ratio narrowed to 49% from 63%, signalling increased capital efficiency and greater investment flexibility.
Globe added that 89% of its capex was channelled into data-related projects, underscoring ongoing efforts to expand capacity and improve nationwide connectivity.
