Globe lands second loan in a month, P10B from Land Bank
What's the deal? Globe TelecomDealroom has a profile for this one. Try Dealroom →, the AyalaDealroom has a profile for this one. Try Dealroom →-led telecommunications firm, has secured a P10 billion term loan from the Land Bank of the PhilippinesDealroom has a profile for this one. Try Dealroom →. The debt financing will fund its capital spending program, refinance existing obligations, and cover general corporate needs.
Why now? The loan lands just a month after Globe raised a separate P5 billion term loan from BDO UnibankDealroom has a profile for this one. Try Dealroom →, also earmarked for capital projects and debt refinancing. The back-to-back raises point to steady borrowing to keep its network build funded.
What's the endgame? Globe reaffirmed its full-year 2026 cash capital expenditure target of under $1 billion, balancing infrastructure investment with cash flow. In the first quarter of 2026, it spent P12.7 billion on capital projects — up 51% year-on-year — with 91% going to data-related initiatives.
By the numbers: Globe posted first-quarter net income of P5.6 billion, down 20% from P7 billion a year earlier. Core net income rose 9% to P4.9 billion, and consolidated gross service revenues reached P42 billion, a 5% increase year-on-year.
The signal: The rapid re-raise shows Globe leaning on term loans to sustain a data-heavy build-out as digital adoption climbs across the Philippines, funding infrastructure while managing debt on the balance sheet.
Read more: context.ph
