Globe hikes capex to P63B

Globe Telecom
Globe Telecom, Inc. has a mobile subscriber base of 67 million as of end-September. — BW FILE PHOTO
Globe Telecom

GLOBE TELECOM, Inc. is raising its capital expenditure (capex) by 45% to P63 billion (about $1.2 billion) this year as it continues to expand its network to address rising demand for data services.

As a new telco player prepares to enter the market, Globe said its plan to expand and enhance its data network this year will require additional investments. In 2018, it spent P43.3 billion (around $821 million) in capex, the 77% of which was used for data-related services.

“We’re seeing increased demand from our consumers with respect to the data network and the data consumption… You saw our numbers, when it comes to data growth, 59% year-on-year in terms of volume. That has to be supported somehow, if not, the…

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