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Mactan-Cebu airport modernization given green light

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Mactan Cebu International Airport FILE PHOTO

The Department of Transportation and Communication (DOTC) has given the go signal for the upgrade of the Mactan-Cebu International Airport (MCIA) with the formal signing of the concession agreement with the winning consortium GMR-Megawide Tuesday.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

High cost of modernization takes toll on Globe income

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One step back, two steps forward. This was how Globe Telecom Inc. characterized its latest financial performance after it reported a 30-percent decline in its net earnings last year—despite having booked higher sales—as it accelerated spending for its ongoing network modernization program.

Posted: February 7th, 2013 in Editor's Pick,Headlines | Read More »

Modernization program pushes Globe capex to P11.7B in first 6 months

Ayala-led Globe Telecom said aggressive expansion efforts pushed its first-half capital expenditure (capex) to P11.7 billion, or about $273 million, the highest for the company in any six-month period, as its network modernization and IT transformation program went into full swing.

Posted: August 27th, 2012 in Headlines | Read More »

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