SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Ayala-backed Globe Telecom signed a P10-billion term loan facility with Metropolitan Bank & Trust Company (Metrobank).
The loan will be used to fund its capital expenditures, Globe told the Philippine Stock Exchange on Wednesday, March 3.
Globe plans to spend P70 billion for its aggressive cell site builds, tower upgrades, and fiberization in 2021.
The telco has so far committed to invest its resources in its 4G and 5G rollout in the short term.
In 2020, Globe spent P60.3 billion in capex, which represents 41% of its gross service revenues and 82% of earnings before interest, taxes, depreciation, and amortization or EBITDA. – Rappler.com
Add a comment
How does this make you feel?
![[Finterest] What exactly does a bank do, and how can they help you?](https://www.rappler.com/tachyon/2022/09/shutterstock-philippine-peso.jpg?resize=257%2C257&crop=329px%2C0px%2C900px%2C900px)
There are no comments yet. Add your comment to start the conversation.