The Philippines' Globe Telecom has lined up a 7 billion peso ($157.8 million) loan from the Philippine National Bank to help finance its capex and other spending requirements in 2015.
The company has allocated a capex budget for the year of around $650 million, with 75% reserved for data-related projects.
Globe said it plans to invest in expanding capacity and coverage for its 3G, HSPA+ and DSL networks, and conduct capacity upgrades for its international cable facilities and its core network.
The balance of the capex budget for the year will be allocated to investments in new platforms and business support systems (BSS) to support product innovation.
Funds secured from the loan will also be put towards store deployment and other corporate spending requirements.
Globe reported record consolidated service revenues of 99 billion pesos for 2014, as well as a record 14.5 billion pesos in profit – up 25% from the prior year.
Demand for data connectivity across the operator's fixed and mobile segments fueled this growth. Mobile revenue grew 7% to 78.1 billion pesos and broadband revenue surged 22%.