Globe in Talks with 3rd Parties for Creation of Independent Tower Company

Globe Telecom Inc. (PSE: GLO) has initiated discussions with independent third parties for the establishment of a tower company to help speed up the build and deployment of cellular towers in the Philippines. Globe is looking at divesting all or part of its tower assets to independent tower companies as part of its network expansion […]
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Globe Board Approves Capex Budget of $850M for 2018

The Board of Directors of Globe Telecom Inc. (PSE: GLO) recently approved the company’s cash capital expenditure (capex) budget of $850 million for 2018, which is consistent with last year’s capex figures. More importantly, this sustained level of capex is aligned with Globe’s vision to improve internet services in the Philippines, with the goal of […]
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Globe Inks PhP7B Term Loan with Land Bank of the Philippines

Globe Telecom Inc. (PSE: GLO) signed a 7-year PhP7 billion term loan facility with Land Bank of the Philippines (LBP). The loan shall be used to finance the company’s capital expenditures. Globe’s revised capital expenditure guidance for 2017 is $850 million, of which majority will be invested in data-related projects. As of end-September 2017, the […]
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Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
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Globe Reports Core Net Income at PhP11.7B in 3Q

Taguig—(PHStocks)—Globe Telecom Inc. (PSE: GLO) closed the first nine months of 2016 with consolidated service revenues of PhP89.1 billion, 7% higher than the PhP83.4 billion recorded in the same period of 2015. The sustained robust topline growth was spurred by the gains across data-related product segments, despite the increased competitive intensity. The Company’s effective efforts […]
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Globe Telecom Signs PhP20B Term Loan Facility

Taguig—(PHStocks)—Globe Telecom Inc. (PSE: GLO) signed a 12-year and 15-year PhP20 billion term loan facility arranged by First Metro Investment Corp. with Metropolitan Bank and Trust Co. (PSE: MBT) as lender. The loan shall be used to finance the acquisition of a 50% equity interest in Vega Telecom Inc., Bow Arken Holdings Co. Inc., and Brightshare […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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PLDT and Globe Close Purchase of San Miguel Telecoms Businesses

Makati—(PHStocks)—Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) today announced that further to the disclosure made earlier today on its acquisition of the telecommunications business of San Miguel Corp. (PSE: SMC), PLDT and Globe Telecoms Inc. (PSE: GLO) have signed and executed (i) a Sale and Purchase Agreement (SPA) with SMC to acquire the entire share capital of Vega Telecom […]
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