14 August 2015

Globe Telecom Hits New Record High close to 53 Million for Its Customer Base

The leading telecom industry in the country,  Globe Telecom, soars high to its customer base, as network of choice by the users amid to shifting-off digital lifestyle.

In the first half of the year, Globe Telecom's customer base hit a new record reaching 52.7 million, a 17% increase from 45 million last year.

The company also hit a record breaking financial performance in the first half of the year, generating 53.8 billion, a 13% growth from a year earlier.

Resulting to a net profit of 8.6 Billion pesos, a 14%  jump from 7.6 billion pesos a year earlier

Globe President & CEO Ernest Cu (center) announces the company’s record-breaking performance in the first half of the year at a recent analyst briefing. Joining him from left are Chief Finance Officer Albert De Larrazabal, Senior Advisor for Consumer Business Daniel Horan , Executive Vice President  & Chief Operating Officer for International and Business Markets Gil Genio and General Counsel Atty. Froilan Castelo.
“Globe is the Filipinos’ leading choice of network for their digital lifestyle, evidenced not only by robust growth in customer base but also by strong growth in mobile data revenues, which now contribute 23% of total revenues compared with 16% from a year earlier. We expect this trend to persist amidst the growing number of smartphone users and as we continue to offer products and services that provide relevant content that will further enhance our customers’ digital lifestyle,” President & CEO Ernest Cu said.
At the end of the first half of the year, Globe generates 48.4 million of mobile subscribers which mobile services revenues to increase 10% from 37.8 billion pesos to 41.6 billion pesos.

In the postpaid segment, Globe maintained its dominance and reached 21.6 million in the first half of the year, a 15% increase from a year earlier.

The continued success of Globe Pospaid’s myLifestyle Plan, with a wide range of device offers and innovative deals, helped boost gross acquisitions to reach a new record high of 478 thousand in the first half of the year, a 23% increase from 389 thousand a year earlier. 

Globe Prepaid gross acquisitions at the end of June this year grew 14% to 9 million compared with 7.9 million a year earlier while TM also generated an impressive gross acquisition of 12.2 million in the first half, up 16% from a year earlier following the Free Facebook and Free Viber promotions. 

The company’s broadband customers, on the other hand, surged 55% to 3.5 million from 2.2 million from year-ago level. This helped realize a remarkable 24% growth in broadband and fixed line revenues, totaling P12.3 billion compared with P9.9 billion a year earlier. Impressive gains in customer take-up was attributed to the success of the latest roster of broadband products and services, which offer exclusive access to a portfolio of entertainment content to enrich Globe customers’ digital lifestyle. 

Fixed line data segment sustained its growth momentum with P3.1 billion revenues registered in the first six months of the year, up 20% from P2.6 billion a year earlier, fueled by the strong demand for domestic and internet services, sustained circuit base expansion and the increasing popularity of cloud services. The company’s continuing commitment in offering innovative products and services to cater to the evolving needs of its corporate clients contributed to its continued success. The company has additional 849 thousand customers from its fixed line voice business.

Source and Image by Globe Telecom /PR


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