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Globe Telecom inks PhP5bn term loan to pay for San Miguel acquisitions

Connectivity BusinessbyConnectivity Business
November 28, 2016
in Financing, Space Services
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Philippine telco Globe Telecom has secured a PhP5bn (US$100m) facility with the Union Bank Of The Philippines. The 15-year term loan will be used to help fund the acquisition of a 50% equity interest in local conglomerate San Miguel Corp’s telecoms assets, which include Vega Telecom, Brightshare Holdings Corporation, and Bow Arken Holdings. Philippine telco Globe Telecom (PSE:GLO) has secured a PhP5bn (US$100m) facility with […]

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Tags: Asia PacificBow ArkenGlobe TelecomMetropolitan Bank & Trust CoPhilippine Long Distance Telephone (PLDT)PremiumSan Miguel Corporation (SMC)TF251Union Bank Of The PhilippinesVega Telecom
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