Globe Telecom signs 5-billion-peso term loan with BDO Unibank
What's the deal? Globe TelecomDealroom has a profile for this one. Try Dealroom → has signed a term loan facility worth 5 billion pesos (around $81 million) with BDO UnibankDealroom has a profile for this one. Try Dealroom →, the Philippines' largest lender.
The deal, announced in June 2026, adds fresh debt financing to the telecom giant's balance sheet.
Why now? Philippine telecom operators face heavy capital demands as they expand network coverage and upgrade infrastructure.
Tapping a domestic bank like BDO lets Globe raise funds in local currency, avoiding foreign exchange risk on its borrowings.
What could go wrong? New debt raises financial leverage, and rising interest rates could lift servicing costs over the loan's term.
Globe must keep generating enough cash flow to meet repayments while continuing to invest in its network.
The signal: Globe Telecom is a mature operator turning to debt rather than equity to fund its expansion, and securing the facility from BDO Unibank — the country's largest lender acting here as a corporate financier — underscores how Philippine telecoms are leaning on domestic banks to bankroll network growth in local currency.
Read more: ainvest.com
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