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November 28, 2023

Metrobank provides P15B loan facility to Globe Telecom

Metropolitan Bank & Trust Company (Metrobank) has agreed to provide Globe Telecom with a P15-billion term loan facility.

The loan will be used to finance the telecom company’s capital expenditures (capex), debt refinancing, and general corporate requirements.

This aims to support Globe’s efforts to expand and upgrade its network infrastructure amid increasing data demand.

Metrobank’s partnership with Globe aims to support the telecom company’s network development and expansion plans.