Globe improves services with increased capex

GLOBE Telecom announced that their network rollout remains on track as it closed the first nine months of 2022 with a P74.4-billion capital expenditure (capex), 14 percent higher than last year.

According to the statement from the company, this is needed to address growing connectivity needs of Filipinos amid increasing demand for digitization. Globe disclosed that at least 84 percent of this period's total cash capex was allocated for data requirements to further enhance overall customer data experience. These include additional LTE upgrades, new 5G sites, tower builds and fiber-to-the-home rollout.