Globe 2023 capex down to $1.3B

By Ed Paolo Salting

Dec 10, 2022 12:17 am

GLOBE Telecoms announced that its board of directors approved a significantly lower capital expenditure (capex) level of $1.3 billion for 2023, a 30-percent reduction in year-on-year spending versus an expected peak of $1.9 billion in 2022.

The company decided to return to its pre-pandemic level of spending as it aims to optimize capex spending in the next few years by focusing on maximizing utilization of existing fiber assets and taking advantage of the arrangements made with tower companies to maximize tower builds.

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