Globe improves services with increased capex

GLOBE Telecom announced that their network rollout remains on track as it CLOSED THE fiRST NINE MONTHS OF 2022 WITH a P74.4-billion capital expenditure (capex), 14 percent higher than last year.

According to the statement from the company, this is needed to address growing connectivity needs of Filipinos amid increasing demand for digitization. Globe disclosed that at least 84 percent of this period’s total cash capex was allocated for data requirements to further enhance overall customer data experience. These include additional LTE upgrades, new 5G sites, tower builds and fiber-to-thehome rollout.

The network investment has yielded 1,064 new cell sites, 10,600 mobile sites upgraded to LTE and 1,887 new 5G sites nationwide. Close to 1.4-million fiber-to-the-homelines were also deployed as of end-September 2022. This is in line with the company’s bid to make fast and reliable connectivity pervasive and accessible to more households and businesses.

“Globe’s network rollout momentum continues and is expected to surpass last year’s builds. These accelerated upgrading and network expansion efforts will not only deliver a more consistent level of network quality but will further elevate the standard of connectivity in the country,” Joel Agustin, Globe’s head of network planning and engineering, said.