Globe inks USD100m loan for CAPEX; PLDT picks Nokia for network transformation

19 May 2021

Ayala-led Globe Telecom has announced the signing of a PHP4.8 billion (USD100 million) loan with Bank of China (Hong Kong) to help fund its capital expenditure programme this year. In a stock market announcement dated 17 May, the company confirmed that CAPEX in 1Q21 reached PHP19.1 billion – up a significant 79% on the amount spent in the same period a year ago – around nine-tenths of which was funnelled into data-related products and services to meet pent up demand. In fiscal 2021, Globe targets a ‘record’ spend of PHP70 billion to support its ‘aggressive’ 4G LTE and 5G rollouts, and expand the reach of its fibre-to-the-home (FTTH) networks.

Meanwhile, Globe rival PLDT Inc. has confirmed the selection of Nokia to help transform both its and mobile arm Smart Communications’ nationwide network and to provide Network Function Virtualization Infrastructure (NFVI) across the South Luzon, Visayas and Mindanao regions of the Philippines. In a press release, the vendor noted that under the deal it will deploy end-to-end service orchestration and assurance solutions across PLDT and Smart’s nationwide network. The Finnish company will supply its Digital Operations software, cloud infrastructure software and AirFrame servers, it said in the statement, adding that the deployment is already underway and will allow PLDT and Smart’s integrated network ‘to increase agility, flexibility and reduce operating costs and time to market when deploying new consumer and enterprise services, with the primary focus of significantly improving customer experience, speed of delivery, and cost of production’.