Globe signs a USD 75M term loan facility

07 Mar

Leading telecommunication company Globe Telecom signed a USD 75 million term loan facility with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Singapore branch) as lender.

Proceeds of the loan will be used to finance 2013 capital expenditures, of which USD 450 million to USD 500 million has been earmarked for the Company’s ongoing network modernization and transformation program, and investments in fixed line, international cable facilities, and IT infrastructure.

For 2012, Globe Telecom reported record consolidated service revenues of P 82.7 Billion, 6% above previous year’s level of P77.8 billion, as the mobile and broadband segments delivered service revenues of P 67.2 Billion and P 8.7 Billion, respectively, both record highs as well. Core net income for 2012 rose to P 10.3 Billion, an increase of 2% from P 10.0 billion last year.

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Posted by on March 7, 2013 in Globe Telecom, Technology


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