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Globe Telecom Spent 70% Capex on Infrastructure Supporting Data in Q1

Globe Telecom Spent 70% Capex on Infrastructure Supporting Data in Q1 Image Credit: Globe Telecom

Globe Telecom's capital expenditure in the first three months of the year totaled P7.1 billion, up 45% from a year earlier, as the company continues to boost its data capacity and expand network reach amid the growing demand for high-speed data connectivity.

According to Globe Acting Chief Finance Officer Rizza Maniego-Eala, a major chunk of the company's capital expenditure was utilized for network capacity expansion, necessary for the telecommunications operator to address the growing demand for bandwidth as more and more of its customers are adopting a digital lifestyle.

"The increase in capital spending is geared towards building further our network capacities. These investments are focused on providing our various customer segments with high-speed internet connectivity, consistent with their usage demands as more and more adapt a digital lifestyle," Eala said. She said more than 70% of its capex for the first three months of the year went to data-related investments amid explosive growth in the company's data portfolio.

Globe launched early this year another massive infrastructure build aimed at expanding network coverage and capacity for both mobile and wireline using the different technologies that include 3G, LTE and even Wi-Fi. The company also plans on creating an internet superhighway by deploying fiber optics in 20,000 barangays(administrative divisions) all over the country by 2020 to provide ultra-fast internet access to around 2 million homes nationwide. Investments relating to its fiber deployment alone could reach up to $2 billion within the 5-year period, said the operator.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

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