AYALA-LED Globe Telecom said on Friday its Board of Directors approved the additional capital expenditure (capex) of $100 milion (P5.06 billion) for this year as part of its plan to strengthen mobile data facilities.

In a disclosure to the Philippine Stock Exchange, Globe said the additional spending will bring its 2017 capex from the initial $750 million to $850 million, “with the additional investment to be spent in the balance of the year.”

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