The Securities and Exchange Commission (SEC) has approved a proposal by the Philippine Stock Exchange (PSE) to exempt giant initial public offerings (IPOs), such as the upcoming IPO of GCash owner Mynt, from the 20-percent minimum public float requirement. “We have been able to get approval from...
The Ayala Group is selling its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell), the pioneering digital healthcare arm of Metro Pacific Investments Corporation (MPIC). In a statement MPIC said mWell has entered into agreements with the Ayala Group to acquire...
E-wallet giant GCash is optimistic that the country’s regulatory bodies will ease the public float requirement for its planned initial public offering (IPO), which is expected to be the Philippines’ biggest to date. The Philippine Stock Exchange (PSE) and the Securities and Exchange Commission...
E-wallet operator GCash has fully restored funds that were inadvertently debited from some users due to an error in its system reconciliation process over the weekend. Ernest Cu, president and chief executive officer of GCash’s parent company, Globe Telecom Inc., told reporters during an...
The country’s three mobile network operators (MNOs) have presented a blueprint to Malacañang to reach over 7,000 Geographically Isolated and Disadvantaged Areas (GIDAs) by expanding network infrastructure with new tower builds between 2025 and 2028. In a recent meeting of the Private Sector...
The Ayala Group’s Globe Telecom expects to complete by the end of 2024 its landmark tower sale and leaseback deal which is seen to generate a total of P96.3 billion. "We are aiming to complete 100 percent of our tower sale by this year. However, even if we only reach about 92 percent by...
ST Telemedia Global Data Centres (STT GDC) Philippines opened its upgraded facility in Makati City as part of its expansion efforts to raise data center capacity in response to increasing demand. STT GDC is a joint venture between Globe Telecom, Ayala Corporation, and ST Telemedia Global Data...
Zobel-led Globe Telecom welcomes the recent signing of the Anti-Financial Account Scamming Act (AFASA) which is seen to address prevalent online scams through more robust deterrence and enforcement measures. The law aims to “protect all persons from falling prey to the various cybercrime schemes...
Zobel-led Globe Telecom has closed the sale of the last batch of towers comprising 1,037 sites to Frontier Tower Associates Philippines Inc. for P13.17 billion in cash. In a disclosure to the Philippine Stock Exchange, the firm said these tower assets comprise 84 percent ground-based towers...
Both of the Philippines’ top telecommunications firms, PLDT Inc. and Globe Telecom, are supporting President Ferdinand R. Marcos Jr.'s push for digitalization and connectivity. In a statement, PLDT and its wireless arm Smart Communications Inc. (Smart) said they are reinforcing government...
Globe Telecom called for greater collaboration to remove barriers to connectivity even as it welcomed the Philippines’ advancement in the latest ICT Development Index of the International Telecommunication Union (ITU). The firm noted, however, that despite the advance, the Philippines continues...
Globe Telecom has signed a Memorandum of Understanding (MOU) with the GSM Association (GSMA) to improve the interoperability and delivery of mobile services across different networks worldwide through collaboration and standardization. In a statement, Globe said this strategic partnership grants...
