Globe plans $1-billion capex for 2026

GLOBE TELECOM, INC. is likely to set a capital expenditure (capex) budget of about $1 billion (around P59.39 billion) this year as it ramps up network expansion, its president said.

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“Most of it will really go to data services. More or less the same level at $1 billion in cash capex,” Globe President and Chief Executive Officer Carl Raymond R. Cruz told reporters on the sidelines of an event on Friday.

Most of the company’s capex will be allocated to network expansion, including data services and its fiber network, he said, adding that Globe is working to strengthen its fiber infrastructure.

“Fiber network is important. It accounts for the data traffic, especially with artificial intelligence (AI), data traffic will really increase by probably tenfold,” Mr. Cruz said.