What is Globe?
Globe, headquartered in Metro Manila, Philippines, operates as a prominent mobile network operator and broadband provider. Established in 1935, the company has a long-standing history in the telecommunications sector, offering a comprehensive suite of services to its customer base. Its strategic positioning within the Philippine market allows it to leverage extensive infrastructure for both mobile and fixed-line broadband services.
How much funding has Globe raised?
Globe has raised a total of $1.8B across 7 funding rounds:
Debt
$152M
Multiple Rounds
$963.9M
Debt
$600M
Debt
$100M
Debt (2015): $152M with participation from Metropolitan Bank and Trust Co
Debt (2016): $33M led by Land Bank of the Philippines
Debt (2016): $430M supported by Metropolitan Bank & Trust Co.
Debt (2016): $100.4M featuring UnionBank of the Philippines
Debt (2016): $400.5M backed by Metrobank
Debt (2020): $600M, investors not publicly disclosed
Debt (2021): $100M led by Bank of China
Key Investors in Globe
Bank of China
Bank of China is a state-owned international trade finance bank in China, providing a wide range of financial services including investment banking and insurance.
UnionBank of the Philippines
UnionBank of the Philippines is a prominent universal bank in the Philippines, known for its digital innovation and financial services.
Metropolitan Bank and Trust Co
Metropolitan Bank and Trust Co. is one of the largest universal banks in the Philippines, offering a broad spectrum of financial products and services.
What's next for Globe?
The recent major strategic investment in Globe signals a phase of significant expansion and technological advancement. This capital infusion is likely to be directed towards enhancing network infrastructure, exploring new service offerings, and potentially expanding its market reach. As a long-established player, Globe's ability to attract such substantial backing indicates confidence in its future performance and its capacity to adapt to the evolving telecommunications landscape.
See full Globe company page
