Wednesday 15 August
Powered by Ajaxy
Aug 8, 2018 @ 21:17

Globe scales up capex to $950M


Ayala-led Globe Telecom is ramping up its capital spending this year by $100 million as it continues to upgrade both its mobile and broadband networks and expand its footprint nationwide.

This effectively raises its capital expenditure budget to $950 million. The telco aims to provide first-world internet connectivity in the country.

As of the end of June, Globe already spent P22.9 billion to better serve its growing subscriber base and meet the rapidly changing and rising demand for data. Of that amount, 77 percent was spent on data.

Globe currently has a total of 39,614 base stations. .. It continues to invest in its 4G and LTE networks.

Tags: , , ,

Related Stories
Globe Telecom is focused on completing the upgrade of its network to fastrack the rollout
President Rodrigo Duterte has softened his stance to handpick a Chinese firm to be the
Globe Labs, the innovative developer community of Globe Telecom, has partnered with Nexmo to offer
Telecommunications firm Globe Telecom announced that it is in the process of incorporating an independent


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.