Globe Telecom Inc. (GLO) raised P25 billion from its follow-on offering (FOO) of non-voting Series A and Series B preferred shares. The shares, which are traded under the stock symbols GLOBA and GLOBB, respectively, were listed on the Philippine Stock Exchange on 2 March 2026. The amount raised will be used by the company to primarily redeem its US-dollar denominated perpetual capital securities. A portion of the proceeds will be allocated to fund network upgrades and other capital expenditures that will enhance GLO’s subscriber experience through consistent and reliable high-speed 5G connectivity nationwide. PSE president and CEO Ramon S. Monzon said that this FOO is GLO’s biggest capital raising to date. “The positive reception to this FOO is a clear testament to the degree of confidence investors have on Globe’s market leadership, strategic direction and long-term growth prospects," said Monzon.