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SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT FfEPORT UNDER SECTION 17OF THE SECURITIES REGULATIONS CODE (SRC)

AND SRC RUI(-E 17(a)-1(b)(3) THEREUNDER

15 March 2016Date of Report (Date of earliest evi

1177

ant reported)

SEC Identification Number

GLOBE TELECOM, INC.Exact Name of registrant as specif ed in its charter

PHILIPPINESProvince, country or other jurisdiction of

incorporation

27/F The Globe Tower, 32nd SiriBonifacio Global City, T^SMJSAddress of principal office

8. ....(02J.797-2000

000-768-480-000

BIR Tax Identification Number

. 6. ElfJlMi (.SEC.yseOnly)..

Industry Classification Code

>et corner 7th Avenue, 1634

Postal code

Registrant's telephone number, including area code

5/F, Globe Telecom Plaza (Pioneer Highlands), Pioneer corner Madison Sts.,iWandaluyong City JFormer name or former address, if changed since last report

10. Securities registered pursuant to Ssctions 4 and 8 of the SRC

Title of Each Class Number of Sh

COMMON SHARESTOTAL DEBT (In Millions of Pesos)

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding(as of December 31, 2015)

132,742,76772,229

Indicate the item numbers reported here

Re: PHP7 Billion Tern

Pursuant to the requirements ofcaused this report to be signed on its beh;

Date : 15 March 2016

in : P!e.a.?e refer to attached

! Loan with Landbank of the Philippines

the Securities Regulations Code, the registrant has dulyilf by the undersigned hereunto duly authorized.

GLOBE TELECOM, INC.Registrant

ROSEMARIE MANIEGO-EALAActing Chief Finance Officer

March 15,2016

Securities and Exchange CommissionS.E.C. Building, EDSA

Mandaluyong CityFor the attention of: Mr. Vicente Graciano Feli

Director-\Markets & Sec

) Globe Telecom, Inc.

The Globe Tower32nd Street corner 7th AvenueBonifacio Global CityTaguig, Philippines

+632.7972000

@ www.globe.com.ph

e Graciano Felizmenio, Jr.

Markets & Securities Regulation Department

Philippine Stock Exchange3/F Tower One and Exchange PlazaAyala Triangle, Ayala AvenueMakati City

For the attention of: Ms. Jane A. EncarnacionHead, Disclosure Department

Philippine Dealing and Exchange Corporation37/F Tower 1,The Enterprise Center6766 Ayala Avenue corner Paseo de Roxs s

Makati CityFor the attention of: Ms. Vina /anessa S. Salonga

Head, Issuer Compliance & Die/anessa S. Salongajer Compliance & Disclosure Department

Gentlemen:

We respectfully submit a copy of the STelecom signs P7 Billion Term Loan with

Very truly yours,

SiC form 17-C regarding our press release entitled "Globeh ijandbank."

Acting Chief Finance Officer r

PRESS RELEASEMarch 15, 2016

Globe Telecom sign)s P7-B term loan with Landbank

Globe Telecom, Inc. signed a

shall be used to finance the company'

Globe set a capital expendituie pr

which would be invested for data-rel; ited

capacity and coverage augmentation of ;

infrastructure and requirements for tralnsm

P30.3 billion, up 3% from last quarterj

10-year P7 billion term loan with Landbank. The loan

js capital expenditures.

; program of up to $750 million for 2016, majority of

ted projects, including LTE for mobile and @Home,

of 3G and HSPA+, modernization of fixed line data

I requirements for transmission facilities

Globe registered another record year in 2015, posting its highest full-year

consolidated service revenues of P113.7 billion, 15% higher than the previous record levelof P99.0 billion in 2014. Revenues peaked in the fourth quarter, reaching a record high of

and 15% higher than the same quarter in 2014. The

sustained revenue trajectory was driven by the solid growth in data consumption across allsegments and the consolidation of Balyan Telecommunications, Inc. ("Bayan") in the second

half of the year. The robust subscriber growth for both mobile and broadband, the

increasing demand for mobile data apd high-speed internet connectivity for consumer and

corporate clients, as well as the su!

launches during the year, have pavet

excluding Bayan's revenues in the

revenues grew to P110.8 billion, up a j

itained execution excellence for the various product

I the way for the company's continued success. Even

second half of 2015, Globe consolidated service

solid 12% from the same period last year.

Globe spent around P32.1 billion in capital expenditures as of end-December 2015

to support the growing subscriber base and its demand for data. Of the total capital

expenditures spent, close to half was for the data service needs of its customers.

For more information, contact:

Yoly C. CrisantoHead, Corporate Communications

Globe Telecom, Inc.Email Address: glcorpcomm@globe.com.ph

Globe Press Room: www.globe.com.ph/press~roomTwitter: @talk2GLOBE \ Facebook: www.facebook.com/globeph