Globe Telecom to invest USD500m in 2010 (Philippines)

www.WirelessFederation.com/news: USD500 million has been set aside by Filipino telecoms group Globe Telecom for capital expenditure projects in 2010. A large portion of the amount will also be allocated for its escalating broadband business.

Expansion and augmentation of its high speed internet access networks and services will receive an investment of USD230 million, which will also include the expansion of coverage of DSL, WiMAX and 3G mobile broadband services. Mobile telephony business has received USD170 million while Globe’s fixed line data networks which cater in the main for corporate users has got USD50 million.

Globe’s number of base transceiver stations was boosted by its expansion work by 22% year-on-year to 10,333. The cell-site deployments of the firm were up 7% to 6,226 to support its 2G, 3G and WiMAX services and at the same date its networks reached 99% of the population and 97% of the territory.