Telecommunications provider Globe Telecom (Globe) is spending the bulk of its $750-million capital expenditure (capex) for 2016 on installing fiber optic cables in 20,000 communities all over the Philippines in a bid to expand its network.
Globe president and chief financial officer (CEO) Ernest Cu said the telco is looking to boost its capacity by 70 percent, and is planning to take away the stigma of having the slowest internet speed from the Philippines.
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