Globe Telecom has secured a P10-billion term loan from the Land Bank of the Philippines to finance capital expenditures, refinance debt, and support general corporate funding needs.
The telecommunications company said the facility will partially cover its capex, debt refinancing, and corporate requirements as it continues network investments.
Globe maintained its full-year 2026 cash capex guidance of below $1 billion, reflecting a disciplined investment strategy amid rising digital demand.
In the first quarter, the company incurred P12.7 billion in capex, up 51% from a year earlier, with 91% allocated to data-related initiatives.
Attributable net income fell 20% to P5.55 billion in the first quarter, as higher financing costs and the absence of prior one-off gains offset revenue growth.
For 2026, Globe expects low- to mid-single-digit growth, supported by anticipated expansion in service revenues.
The loan follows a P5-billion term facility from BDO Unibank announced earlier this year, also intended for capex and refinancing.
Shares in Globe rose P20, or 1.1%, to close at P1,824 each on Thursday.
