Globe may borrow up to USD300m for network expansion

Filipino fixed line and mobile operator Globe Telecom could look to borrow between USD200 million and USD300 million in 2008 to fund its capital expenditure spending of up to USD450 million, reports Reuters, quoting the company’s chief finance officer Delfin Gonzalez as saying. It is understood the financing would be raised through a combination of peso and dollar-denominated loans.