Mindanaotoday.com | Globe invests P2.10 billion in capital expenditure in Q1 2022
GLOBE invested total of P21.0 billion in capital expenditure (capex) in the first three months of 2022, besting same period last year by 10%.
The Company’s growing investment in the network proves its strong commitment to deliver #1stWorldNetwork connectivity to Filipinos to address public clamor for better and faster internet connectivity.
The said capex investment represented 54% of gross service revenues and 107% of EBITDA.
About 82% of the capex went to data-related requirements to handle the surge in demand for digital services and to provide a higher level of digital experiences for its customers nationwide.
Globe’s aggressive network investments attest to its strong support of the United Nations Sustainable Development Goals, particularly UN SDG 9 highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development.
More importantly, Globe continues to champion the United Nations Global Compact principles.
As a result of these investments, Globe built 234 new cell sites nationwide, upgraded over 3.5 thousand mobile sites, and installed 380 new 5G sites as of end-March of 2022.
While on the fixed line front, Globe installed over 470 thousand FTTH lines.
Globe’s sustained fiber rollout empowers more customers to maximize the strength of digital technology in remote learning, digital entertainment, and livelihood and productivity at home.
As end-March of 2022, Globe has 91 tower company (towerco) sites on air since the start of the year as it continues to expand coverage to provide the best service to its customers.
The 91 towerco sites have started carrying Globe traffic, nearly 57% more than the 58 sites completed in the same period in 2021.
These new towers are powering 16 provinces across the country: La Union and Pangasinan in Northern Luzon; Bataan, Bulacan, Nueva Ecija, Pampanga and Tarlac in Central Luzon; Cavite, Laguna, Batangas, Rizal and Quezon in Southern Luzon; Occidental Mindoro in Mimaropa; and Davao del Norte, Davao del Sur and South Cotabato in Mindanao. (PR)