Recently, Globe Board of Directors approved of the company's US$850 million cash capital expenditure (capex) for 2018. Globe President and CEO Ernest Cu said that majority of the company's capex for 2018 is geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of Globe's data-related services. Cu said that Globe has progressively increased its capex spending since 2015, averaging 31% annually on a capex to revenue ratio basis. Read more in our articles including "Globe Board approves $850 million capex budget for 2018" and "Globe drops Visibility Prepaid Kit price to Php3,500".
Recently, Globe Board of Directors approved of the company's US$850 million cash capital expenditure (capex) for 2018. Globe President and CEO Ernest Cu said that majority of the company's capex for 2018 is geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of Globe's data-related services.
Cu said that Globe has progressively increased its capex spending since 2015, averaging 31% annually on a capex to revenue ratio basis.
Our coverage of globe capex 2018 includes: "Globe Board approves $850 million capex budget for 2018"; "Globe drops Visibility Prepaid Kit price to Php3,500"; "What will happen to Globe Visibility Unlimited?". Each article provides unique insights and information.