Globe P27-B capex targets bigger mobile data footprint

Globe Telecom on Tuesday said that with its capital expenditure of P27 billion for 2014, the company is now well-equipped to aggressively advance its mobile data footprint amid growing customer demand for Internet connectivity.

“Data will remain a key investment area for the company in 2014 in anticipation of significant demand for the service. About a quarter of the company’s capital expenditure of P27 billion for 2014 will be devoted to data-related investments, including deployment of LTE [Long Term Evolution] technology and strengthening its broadband infrastructure,” Globe President and Chief Executive Officer Ernest Cu said.