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Globe Telecom Inc. will significantly reduce its capital expenditures (capex) in 2025, building on the cost-cutting measures it plans to implement in 2024. Already, Globe has trimmed its capex in 2024 to $1 billion from $1.3 billion in 2023. These cost-cutting measures are expected to continue into 2025, with the…
Globe Telecom Inc. expects its revenues to continue growing by “low to mid-single digit” this year, almost similar to its performance in 2023, due to economic headwinds. Ernest Cu, the company’s president, said on Wednesday Globe has a “more positive” outlook for 2024, “as inflation continues to abate.” Historically, inflation…