Globe builds over 570 new towers in H1 2022

By Raymond Carl Dela Cruz

August 26, 2022, 4:03 pm

<p><em>(File photo)</em></p>

(File photo)

MANILA – Local telecommunications service provider Globe Telecom Inc. (Globe) has built a total of 572 new cell towers and upgraded around 6,800 mobile sites to 4G LTE in the first half of the year alone.

In a statement on Friday, Globe SVP and head of network planning and engineering Joel Agustin said the company is “on track” with its network rollout target to end the year with about 1,700 new cell sites, more than the 1,407 cell sites it built in 2021.

“Our network rollout momentum continues, and it is faster. We accomplished about 70 percent more than in the same period last year. We are very positive that we can set a new build record this 2022,” Agustin said.

By the end of June, Globe has spent 56 percent or PHP50.5 billion of its PHP89 billion capital expenditure allocation for the year.

“Globe’s aggressive network expansion is in line with its support for the United Nations Sustainable Development Goals, including UN SDG No. 9, which highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development,” he said.

He highlighted the recognitions received by Globe from global analytics firm Ookla as the “Philippines’ most reliable mobile network” with a “consistency score” of 79.44 and the “most available in all technology” with a score of 93.11 for being a network whose users spend the highest percentage of their time on “all technology.”

“All our efforts are not only aimed to elevate the standard of connectivity within the Philippines, but equally important, this continued drive will deliver a consistent level of quality,” he said.

On Aug. 12, Globe announced its plans to sell and more than 7,000 of its towers across the country to various tower companies to raise capital.

In addition to raising capital, the company will also secure a leaseback agreement to ensure that it has access to these necessary infrastructures. (PNA)