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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Globe Announces Partial Acquisition of San Miguel’s Telecoms Assets

Taguig—(PHStocks)—The Board of Directors of Globe Telecom Inc. (PSE: GLO), through its Executive Committee, approved the acquisition and signing of a sale and share purchase agreement and other related definitive agreements for the following entities: 50% of the issued and outstanding capital stock of Vega Telecom Inc. (VTI) from San Miguel Corp. (PSE: SMC); 50% […]
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Globe Telecom Signs PhP7 Billion Term Loan with Landbank

Taguig—(PHStocks)—Globe Telecom Inc. (PSE: GLO) signed a 10-year PhP7 billion term loan with Landbank. The loan shall be used to finance the company’s capital expenditures. Globe set a capital expenditure program of up to $750 million for 2016, majority of which would be invested for data-related projects, including LTE for mobile  and @Home, capacity and coverage augmentation of 3G and HSPA+, modernization of […]
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Metrobank Lends PhP7 Billion to Globe for Capex

Manila, Philippines – Metropolitan Bank & Trust Co. (Metrobank) has extended PhP7 billion worth of loans to Ayala-led Globe Telecom Inc. to finance its capital expenditures. Related Articles:PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016Shopify, Globe Enhance E-commerce Service for Filipino SMEsPH Stocks End Lower on Continued Sell-offPH Stocks NosediveWipeout: Gains Erased as […]
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