PH's Globe Telecom to raise $310m debt from Philippine National Bank

PH's Globe Telecom to raise $310m debt from Philippine National Bank

Brand image from the company website

Philippine-listed telecommunications company Globe Telecom Inc disclosed on Tuesday that it signed a seven-year P7 billion ($310 million) term loan with the Philippine National Bank (PNB) meant to finance its capital expenditures (CAPEX) and corporate needs for 2015.

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