Globe Telecom to up 2016 CAPEX for cell site expansion?

5 Sep 2016

Globe Telecom of the Philippines says it may increase its planned 2016 capital expenditure by USD10 million to further the rollout of cell sites using the frequencies acquired from local conglomerate San Miguel Corp (SMC). The company’s chief commercial officer Alberto De Larrazabal is quoted as saying: ‘We are still targeting [CAPEX] in the neighbourhood of USD750 million for the full year. It’s subject to how the project gets completed, it could be USD10 million more or USD10 million less. But it is generally around that number. We don’t anticipate that it could be that significant.’ The official confirmed that he anticipates an increase in spending in Q3 and Q4 to deploy cell sites using 700MHz, 1800MHz and 2600MHz spectrum. ‘We are rolling out initially mostly NCR [National Capital Region]. But we area rolling out nationwide. I think we got 200 sites in Metro Manila already. We are targeting 500 sites by end of the year,’ he noted, adding that Globe is ‘trying to prioritise the rollout where there are higher population of smartphones. The target is by end of the year, at least 80% of Metro Manila is going to be covered already.’ Going forward, Globe expects that about 2,200 of existing cell sites representing over 30% of its network nationwide would be upgraded using the additional spectrum from the co-use agreement by end-2016.

Philippines, Globe Telecom (incl. Innove)