Globe Telecom secures P3-billion credit from BPI

Globe Telecom Inc. borrowed P3 billion from another Ayala-led company, the Bank of the Philippine Islands (BPI), to fund its capital expenditures (capex), debt payments, and general corporate spending. In a disclosure on Thursday, Nov. 28, the telco giant said it had inked a term loan facility with BPI to address its budget needs. The
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