Globe secures P5B loan from BDO for capex, debt payments
Philippine telco giant Globe Telecom Inc. has secured a P5 billion loan facility from BDO Unibank Inc. to partially fund its capital expenditures and debt payments. The company aims to keep its capital expenditure below $1 billion for the year, despite having already invested P12.7 billion as of March, a 51% increase year-on-year.
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