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Globe Telecom secures PhP20bn loan to fund San Miguel assets purchase

Connectivity BusinessbyConnectivity Business
September 8, 2016
in Financing, Investments, Space Services
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Philippine telco Globe Telecom has signed a 12-year and 15-year term loan facility worth PhP20bn (US$427m) with Metropolitan Bank and Trust Company. Proceeds will be used to help fund the acquisition of 50% of local conglomerate San Miguel Corp’s telecoms assets, which include Vega Telecom, Bow Arken, and Brightshare. Philippine telco Globe Telecom (PSE:GLO) has signed a 12-year and 15-year term loan facility […]

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Tags: Asia PacificBow ArkenBrightshareGlobe TelecomMetropolitan Bank & Trust CoPhilippine Long Distance Telephone (PLDT)PremiumSan Miguel Corporation (SMC)TF248Vega Telecom
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