Globe signs $750-M deals with Huawei, Nokia, Wuhan in China | ABS-CBN
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Globe signs $750-M deals with Huawei, Nokia, Wuhan in China
Globe signs $750-M deals with Huawei, Nokia, Wuhan in China
ABS-CBN News
Published Oct 21, 2016 07:05 PM PHT
MANILA - Globe Telecom on Friday said it signed $750 million deals with technology partners Huawei, Nokia, and Wuhan during President Rodrigo Duterte's China visit.
MANILA - Globe Telecom on Friday said it signed $750 million deals with technology partners Huawei, Nokia, and Wuhan during President Rodrigo Duterte's China visit.
Globe signed five-year deals with technology partners to accelerate its use of new LTE technologies, the company said.
Globe signed five-year deals with technology partners to accelerate its use of new LTE technologies, the company said.
The telecommunications firm earlier said it would increase its capital expenditure this year by $300 million to speed up its mobile internet expansion.
The telecommunications firm earlier said it would increase its capital expenditure this year by $300 million to speed up its mobile internet expansion.
Globe's budget for this year to upgrade 3G, LTE and Wi-Fi facilities will reach around $1 billion.
Globe's budget for this year to upgrade 3G, LTE and Wi-Fi facilities will reach around $1 billion.
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Globe shares were down 0.42 percent to 1,892.00 on Friday. -- Report from Reuters
Globe shares were down 0.42 percent to 1,892.00 on Friday. -- Report from Reuters
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