Globe secures ₱10B term loan from LandBank to fund capex

The telco obtained fresh financing as data-related investments continue to account for most of its capital spending.

The demand for data-related services is quickly becoming a leading expense for the country’s telcos, as a major player secures a loan to help fund its operations for the rest of the year.

Globe Telecom signed a ₱10-billion term loan facility with Land Bank of the Philippines on July 15 to fund the company’s capital expenditures, debt refinancing, and general corporate requirements for the rest of the year.

The telco spent ₱12.7 billion in capital expenditures during the first quarter of 2026, a 51% increase from the same period last year.

The jump was primarily driven by data-related initiatives such as mobile data, hyperpersonalization of services, and customer experience, which accounted for 91% of the company’s capex so far.

Globe said it continues to invest in critical network infrastructure amid growing demand for connectivity. As data becomes increasingly essential to both business operations and consumer needs, corporate spending is rising to keep pace.

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