Globe to build cell sites in Q3

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    Globe Telecom Inc. is set to start building several cellsite towers in different parts of the country in the third quarter as part of its network expansion to improve its mobile and data services.

    This developed as the company signed a P3-billion loan facility with China Banking Corp.

    This will start in July covering several areas in Metro Manila, North and South Luzon, Visayas and Mindanao.

    Globe customers in the areas where the build will be implemented may experience temporary service disruptions such as loss of signal or internet connectivity for at least an hour anytime during the day, said Joel Agustin, Globe senior vice president for program development-network technical group.

    The company’s build efforts will help increase capacity in response to the challenge of growing demand for data and need for connectivity.

    Meanwhile, Globe said the loan with Chinabank shall be used to finance the company’s capital expenditures, refinancing of maturing obligations, and general corporate requirements.

    Globe spent P10.7 billion for capital expenditures as of end-March 2020, 68 percent of which was spent on data-related requirements.

    As part of network capacity expansion in Mindanao, Globe is building cell towers in Davao Oriental, Saranggani, South Cotabato, Bukidnon and in Sulu. Several cell sites are expected to rise in Mati in Davao Oriental; Malapatan in Saranggani; Maray-Maray in Bukidnon; Polomolok in South Cotabato; and Bud Datu in Patikul, Sulu.

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