Connect with us

Breaking

Globe Telecom raises PHP 10-B from preferred shares

Published

on

Globe Telecom

MANILA — Globe Telecom Inc., has raised PHP 10 billion from the sale of preferred shares in efforts to fund capital expenditures this year.

The announcement was made available by Globe in a disclosure in the Philippine Stock Exchange (PSE) website, www.

online pharmacy http://orthomich.com/therapy_downloads/pdf/finasteride.html with best prices today in the USA

pse.com.ph.

“We wish to inform you that Globe Telecom Inc. Series A Non-Voting Perpetual Preferred shares with an aggregate issue size of PHP 7.0 billion and an oversubscription option of up to PHP 3.0 billion were fully subscribed as of the end of the offer period Aug 15, 2014,” Globe said.

The telecom further said that the Preferred Shares will be listed in the Philippine Stock Exchange on Friday (Aug 22) for the full amount of PHP 10 billion.

To recall, Globe earlier told the PSE that its total capex budget this year is USD 650 million.

Meanwhile, consolidated net income for this year was up by 385 percent to PHP 6.8 billion from PHP 4.41 billion in the same period last year.

The growth in net income was driven by lower depreciation charges, gains from foreign exchange movements and lower interest expenses recognized during the period, Globe said.

online pharmacy http://orthomich.com/therapy_downloads/pdf/cozaar.html with best prices today in the USA

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle5 days ago

Upgrade Your Life in 2025

It’s a brand new year and a wonderful opportunity to become a brand new you! The word upgrade can mean...

Maria in Vancouver3 weeks ago

Fantabulous Christmas Party Ideas

It’s that special and merry time of the year when you get to have a wonderful excuse to celebrate amongst...

Lifestyle4 weeks ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle2 months ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle2 months ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle4 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle4 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver5 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver5 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver6 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...