Globe secures PHP5bn loan from BDO to support network investment and refinancing

Details: Manny Pham; Category: Operators; 24 June 2026; 888 views

Philippine operator Globe Telecom has secured a PHP5 billion (US$88 million) loan from BDO Unibank to help fund capital expenditure, refinance debt and support general corporate requirements.

The financing comes as Globe continues to invest heavily in its network while maintaining a disciplined approach to spending. The operator has guided for cash capex of less than US$1 billion in 2026, reflecting its strategy of balancing network expansion with improving free cash flow and a stronger balance sheet.

Globe invested PHP12.7 billion in capex during the first quarter of 2026, up 51% year-on-year, driven by network expansion and capacity upgrades. The spending represented 30% of service revenues during the period.

The operator said around 91% of first-quarter capex was directed towards data-related projects, highlighting its focus on expanding digital capacity and improving network quality as demand for data and digital services continues to grow.

The investment programme forms part of Globe’s broader strategy to strengthen its digital infrastructure while maintaining financial discipline. In recent years, the operator has focused on improving network performance, expanding fibre and mobile broadband coverage, and supporting growing demand for digital services across consumer and enterprise segments.

Globe said the latest funding will support its efforts to future-proof its network and ensure it can respond to evolving connectivity requirements while enabling more households, businesses and communities to participate in the digital economy.