Globe spent P6.6 Billion in capital expenditure for internet services this Q1 2018
In line with Globe’s aim to provide world-class internet in the Philippines, the company is now starting to chip away at that $850 Million (~Php 44 Billion) 2018 capex budget. This Q1 2018, the telco has reportedly spent P6.6 Billion of that large capex budget pool.
The spendings were used in order to support Globe’s expanding subscriber base and their demand for data. In fact, 64% of the P6.6 Billion was used for the data service needs of subscribers. As of writing, Globe now has a total of 38,963 base stations, 25,600 of which are 4G towers.
The telco has also been working with independent third parties since February, for the establishment of a tower company to help boost build times and deployment of cell towers in the country. They’re even willing to focus all or a large part of their tower assets to these independent companies.