Ayala-led Globe Telecom boosts capital expenditures by 14% to fortify network performance and expand digital capabilities amid rising data demand nationwide.
Globe Telecom Inc., a leading telecommunications company in the Philippines under the Ayala Group, allocated ₱35.8 billion in capital expenditures during the first nine months of 2026. This investment marks a 14% increase compared to the same period in the previous year and represents 28% of the company’s service revenues, underscoring Globe’s commitment to strengthening its network infrastructure and expanding its digital offerings across the country.
According to the company’s disclosure to the Philippine Stock Exchange, 89% of the capital outlays targeted data-related needs, including improving network performance, accommodating rising data consumption, and increasing capacity to address evolving digital requirements of consumers and businesses alike.
Globe reported consolidated service revenues of ₱128.99 billion, a 6% increase from ₱121.68 billion a year earlier. Mobile services remained the primary revenue source, generating ₱91.37 billion, driven by a 10% growth in mobile data revenues to ₱81.22 billion. The company also noted a rise in mobile data traffic to 5,705 petabytes from 4,846 petabytes, with average monthly data use per subscriber reaching approximately 17 gigabytes.
Despite this revenue growth, Globe’s attributable net income for the nine months declined by 6.9%, settling at ₱16.47 billion, primarily due to higher net interest expenses and the absence of one-time gains recorded in the prior year related to tower sales and investment dilution in Mynt Inc., the parent company of digital wallet GCash.
For the third quarter alone, net income rose by 3.6% to ₱5.44 billion from the same quarter in 2025. Gross revenues increased by 5.2% to ₱46.68 billion, bolstered by robust business performance and asset disposal gains. However, expenses also climbed by 7.7%, influenced by higher administrative costs, depreciation, and finance charges.
Globe’s President and CEO Carl Raymond Cruz expressed a cautious outlook for the coming months amid ongoing inflationary pressures and tighter household budgets that may impact consumer spending. Still, he highlighted connectivity as an essential household expense and anticipated stronger seasonal demand in the final quarter that could sustain growth momentum.
This significant capital expenditure reflects Globe’s strategic drive to enhance digital infrastructure, a vital element supporting the Philippines’ growing digital economy and connectivity needs of millions nationwide.
Sources referenced:
- https://www.gmanetwork.com/news/topstories/nation/1009119/globe-spends-p35-8b-in-first-9-months-of-2026-to-improve-network/story/