GLOBE Telecom Inc. on Monday said that it was planning to cut its capital expenditure (capex) budget to below $1 billion next year to generate more cash flow.
In an online briefing, Globe CFO, Treasurer and Chief Risk Officer Juan Carlo Puno said the 2025 capex requirement would be funded via a mix of debt and equity, as well as P11 billion in remaining proceeds from telco tower sales.
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