AYALA-led Globe Telecom Inc. is planning to raise its capital expenditures (capex) from $750 million to $800 million in 2017 to invest more in its data expansion projects as short message 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 Southeast-US underwater cable system, which was launched recently, Globe is looking at expanding its capex to $800 million more this 2017.

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