The National Telecommunication Commission (NTC) granted the renewal of NOW Telecom Company, Inc.’s radio license to operate in the 800 MHZ frequency as part of its goals to expand its communications security services. The company received the license dated Sept. 29, 2023 from the NTC on Oct. 2,...
Globe Telecom Inc. announced that its net income dropped by 27 percent to P19.4 billion in the first nine months of the year from P26.5 billion in the same period in 2022 due to “increased depreciation expense" as well as non-operating charges compared to last year's non-operating income and...
DAVAO CITY – Philtower Consortium Inc. aims to ensure that Mindanao enjoys network speed and availability on par with the rest of the Philippines following the signing of a memorandum of understanding with Globe Telecoms Inc. for the full takeover of cell site operations on the island in a hotel...
NOW Corporation and NOW Telecom Company, Inc. announced that it will launch a collaborative project that promises to offer on-demand advanced information technology (IT) solutions services to customers. TODAYbyNOW will provide a "comprehensive suite of services," according to the telco,...
Globe Telecom is consolidating its payments-related businesses by selling Electronic Commerce Payments Inc. (ECPay) to subsidiary Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, in a transaction worth P2.31 billion. In a disclosure to the Philippine Stock Exchange (PSE), Globe...
Five leading internet service providers (ISPs) in the country have signed a Memorandum of Understanding (MOU) with the Intellectual Property Office of the Philippines (IPOPHL) to establish a site-blocking mechanism against pirate sites. The ISPS that signed the MOU include Globe Telecom, PLDT...
Globe Telecom, the communications unit of Ayala Corporation, has raised P15 billion from term loan facilities with Metropolitan Bank & Trust Company (Metrobank). In a disclosure to the Philippine Stock Exchange (PSE), the firm said the loans will be used to finance its capital expenditures...
Law enforcement authorities should impose stiffer penalties against individuals who would be caught selling registered subscriber identity modules (SIMs) that are eventually used in various cybercrime activities. Sen. Sherwin Gatchalian made the call following the revelation of...
The Zobel’s Ayala Group is venturing into the importation and distribution of e-scooters through an $8.5 million (P480 million) joint venture with Gogoro Network Pte Ltd of Singapore (Gogoro SG). In a disclosure to the Philippine Stock Exchange, Ayala Corporation (AC) said it will establish a...
The additional 100 towers that had been transferred by Ayala-led Globe continue to beef up the telecom business portfolio of Meralco Industrial Engineering Services Corporation (MIESCOR), a subsidiary of power utility giant Manila Electric Company. Via MIESCOR Infrastructure Development Corporation...
Ayala-led ACEN Corporation has partnered with Norwegian Investment Fund (Norfund) for targeted provision of solar solutions that will cater to the energy needs of telecommunications companies in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), ACEN indicated that the proposed...
Officers of G-Xchange, Inc. (operator of GCash) and Globe Telecom, Inc. on Wednesday, May 10, visited Senator Ramon "Bong" Revilla Jr. at his Senate office to explain the circumstances surrounding the service outage that hit the digital platform last Monday and Tuesday. Officers of G-Xchange, Inc....
