Globe signs P20-Billion term loan facility with Metrobank
To help finance network investments to expand coverage and enhance capacities
Globe President & CEO Ernest Cu (2nd from left) and Metrobank President Fabian Dee (2nd from right), shake hands following the signing of a 12 –year and a 15-year P20 billion term loan facility. The loan is intended to finance the partial acquisition of San Miguel’s telecommunication assets. The transaction, which is expected to provide benefits to mobile internet customers, exemplifies the company’s continuous commitment and investments in improving the network and quality of service. These investments will help support the data needs of existing and new customers, and allow them to enjoy their digital lifestyle.
Globe Chief Finance Officer Rizza Maniego-Eala (left) and FMIC president Rabboni Francis Arjonillo (right) witnessed the signing.