Globe sets $650-M capex for 2015

Globe Telecom Inc. (Globe) on Wednesday said it is setting aside $650 million (P29 billion) for 2015 capital expenditure (capex), the same amount it earmarked for this year.

“I figured more than half next year’s (capex) would be for data [services], like I said we’re still at the process of finalizing the budget, so I don’t have any concrete numbers for you yet, but at least 50 percent of our spending next year would be for data,” said Albert de Larrazabal, Globe chief financial officer, at the sidelines of the third quarter financial results briefing.