MANILA - Globe Telecom said Tuesday it planned to spend up to P37.5 billion on expansion projects this year, bulk of which will be used to improve its data infrastructure.
Some P10 billion has been raised for capex so far this year, said chief financial officer Rizza Maniego-Eala said.
Demand for data is rising, with total data-related revenues in 2016 accounting for 49 percent of consolidated services, from 42 percent in 2015.
The company fast tracking the deployment of LTE services using the 700 MHz and 2600 MHz frequencies obtained from San Miguel, said chairman Jaime Augusto Zobel de Ayala.
Globe has deployed 500 LTE sites using the 700 MHz band to Metro Manila and other highly populated areas and activated over 1,200 additional LTE sites using the 2600 MHz band for customers in Metro Cebu and Davao.
Globe is also aiming to bring broadband service to 2 million homes in 20,000 barangays by 2022.