Globe Telecom is planning to raise between US$100m and US$150m via debt to fund its capital expenditure requirements for 2011.
Globe CFO Alberto de Larrazabal said that the firm may look to take advantage of low interest rates.
This year, the company has…
Globe Telecom is planning to raise between US$100m and US$150m via debt to fund its capital expenditure requirements for 2011.
Globe CFO Alberto de Larrazabal said that the firm may look to take advantage of low interest rates.
This year, the company has pumped US$500m into its operations.
Ernest Cu, president and CEO of Globe, told shareholders at an annual meeting: “Competition in the telecommunications sector should be expected to remain intense with continued pressure on margins and profitability as more unlimited offers and cut-throat pricing from competitors will likely temper our 2010 growth.”
Globe is owned by SingTel Ayala Corp.
