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Globe Telecom Eyeing Other Businesses as Telco Matures, CEO Says

Globe Telecom Eyeing Other Businesses as Telco Matures, CEO Says
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Philippines' Globe Telecom Mulling $200 Million Data-Center Sale

Philippines' Globe Telecom Mulling $200 Million Data-Center Sale
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Globe Telecom to Spend $1.46 Billion as Rivalry Shifts to Homes


Globe Telecom to Spend $1.46 Billion as Rivalry Shifts to Homes
Andreo Calonzo, Bloomberg News
(Bloomberg) Globe Telecom Inc. will spend a record 70 billion pesos ($1.46 billion) this year to boost its data infrastructure as competition shifts to servicing people working from home.
The Philippines’ second-largest telecommunication company expects “heightened activity” in home broadband this year as competitors PLDT Inc. and Converge ICT Solutions Inc. vie for subscribers working from home, Globe President Ernest Cu said in a virtual briefing. Its capital spending will increase by 16% to build and upgrade cell sites and expand home broadband capacity, Chief Finance Officer Rosemarie Maniego-Eala said. ....

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