AYALA-LED Globe Telecom Inc. is planning to raise its capital expenditure (capex) this year to $800 million from $750 million to invest more in data expansion projects as short messaging service (SMS) weakens, Globe President and Chief Executive Officer Ernest Cu said.
Cu said that on top of the company’s $250 million investment in the Southeast Asia-US underwater cable system, which was recently launched, Globe is looking at expanding its capex to $800 million this year.
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