By EMMIE V. ABADILLA
Manila Bulletin
MANILA, Philippines — Globe Telecom Inc. signed a ten-year, US$90-million floating rate term loan facility with China Banking Corporation to finance its 2012 capital expenditures under it's US$790-million five-year massive network modernization and IT transformation program.
The telco is boosting its voice and data capacity to meet the growing demand for broadband and mobile data use and expects US$640-million will be spent this year and in 2013.
With the rapid penetration of social media and availability of more
affordable smartphones among Filipino mobile phone owners, Globe looks at its broadband and data businesses as key focus areas that will sustain its growth
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Topic: Globe Philippines Gets Loan from China Bank (Read 438 times)