Globe Telecom, Inc. Provides Capital Expenditure Guidance for the Year 2017
January 20, 2017 at 06:06 am
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Globe Telecom, Inc. provided capital expenditure guidance for the year 2017. For the year, the company is allotting $750 million for capital expenditures, with the bulk intended to support data services. The capex would be funded through internally generated cash flow. The company want to keep the capex at a lower level in 2017 compared to last year's $1 billion. For 2017, the company said the plan is to continue using the bulk of the capex to boost data capacity amid growing demand for such service.
Globe Telecom, Inc. is a Philippines digital platform company with interests in telecommunications, venture capital and venture building, shared services, and digital marketing solutions. The Companyâs segments include Mobile Communications Services and Wireline Communications Services. The Mobile Communications Services segment provides digital cellular telecommunications services, which includes mobile voice, mobile SMS, and mobile data. The Company offers its mobile communications services to consumers, corporate and small and medium enterprise (SME) clients through a range of brands, including globe postpaid, globe prepaid and touch mobile. The Wireline Communications Services segment provides fixed line voice, corporate data, and home broad band services. It offers a range of fixed line communications services, wired and wireless Broadband access, and end-to-end connectivity solutions customized for consumers, SME, and businesses.
GLOBE TELECOM, INC. 
