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Globe Telecom borrows ₧15B as capex reined in • Lorenz S. Marasigan

GLOBE Telecom Inc. announced last Monday it signed single-term loan facilities with Metropolitan Bank & Trust Co. (Metrobank) amounting to P15 billion. โ€œThe loans shall be used to finance the companyโ€™s capital expenditures (capex), debt refinancing and/or general corporate requirements,โ€ the listed telecommunications company (telco) said in a disclosure to the Philippine Stock Exchange. As
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