#Globe Towers

To address the dynamic and changing needs of its customers, Globe constructed 220 new cell towers and updated over 3,000 mobile sites to LTE in the first quarter of the year. The development of free cash flow for Globe is being concentrated on this year for operational sustainability. Globe expects its overall CAPEX to drop to USD 1.3 billion this year from high levels in the previous three years as it takes advantage of various opportunities to quicken network expansion and customer experience enhancements. We have also optimized our infrastructure on the ground to decrease CAPEX spend, even as we remain committed to continuously improve our services,” said Globe Group President and CEO Ernest Cu. This success demonstrates Globe's dedication to offering a #1stWorldNetwork. Globe has held the title of "Most Reliable Mobile Network in the Philippines" for the fourth consecutive quarter, according to Ookla®. After concluding a large agreement with Unity Digital Infrastructure, Globe has surpassed its goals for tower sales. According to the deal, 447 towers will be sold and taken back, bringing in a total of P5.4 billion, which would be paid out in installments as is the case with other tower portfolios. Read more in our articles including "Globe improves over 3K mobile sites to LTE and constructs 220 new towers in Q1" and "Globe gross earnings reach almost P100B, exceeding tower sale targets".