Globe signs P8-B term loan with BDO

ABS-CBN News

Posted at Apr 21 2017 02:57 PM

MANILA - Globe Telecom said Friday it signed a P8-billion term loan with BDO Unibank to finance capital expenditures.

The company has set a $750-million guidance for capex this year, bulk of which will be invested in data projects, the company told the exchange.

As of end 2016, Globe said it spent $772 million for capex, 65 percent of which were spent on data requirements.

Globe shares were up 1.45 percent to P2,024 in late trading on Friday.