Sunday, June 7, 2009
Globe seeks additional P3 billion for capex Philippine Star
Of Globe’s $350- to $400-million capex for 2009, about $150 million has been earmarked to expand the coverage and capacity of its broadband network for the residential and consumer markets while another $130 million will be spent to grow and sustain the mobile business, including amounts needed to ensure the continued robustness of the network. This year’s capex also includes $25 million for Globe’s corporate and enterprise data business, as well as $25 million for additional investments in international cable facilities.
Of Globe’s $350- to $400-million capex for 2009, about $150 million has been earmarked to expand the coverage and capacity of its broadband network for the residential and consumer markets while another $130 million will be spent to grow and sustain the mobile business, including amounts needed to ensure the continued robustness of the network. This year’s capex also includes $25 million for Globe’s corporate and enterprise data business, as well as $25 million for additional investments in international cable facilities.
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