AYALA-LED Globe Telecom Inc. on Friday said it signed a seven- and 10-year $155 million (P7.9 billion) term loan facility with Metropolitan Bank & Trust Company to finance its capital expenditures (capex) for this year.

In a filing to the Philippine Stock Exchange, Globe said its initial capex of $750 million for 2017 was primarily allotted for the development and expansion of its data facilities across the company’s mobile, broadband and enterprise segments.

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