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...
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...
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....
With 86.7 million SIMs under Globe Telecom Inc's network and only three months left to register, the telco on Monday, February 20, rolled out SIM registration assistance desks in over 500 locations nationwide. Globe wants to make the process easier for customers, especially senior citizens, PWDs,...
As the leading mobile wallet in the Philippines, GCash is aiming to level up its partnership with the public sector to accelerate the adoption of cashless payments through a year-long workshop series. The fintech player is poised to host the ‘GCash for the Nation’ annual conference and workshop...
Globe Telecom Inc. hit its largest annual investment for mobile and fixed networks last year, with a P101.4 billion capital expenditure (CAPEX), 9 percent above 2021 figures, the telco stated Friday, Feb. 17. Globe has allocated the majority, or 86 percent, of its total cash capex to data...
Globe Telecom Inc. built 1,702 new cell sites, upgraded over 13,600 mobile sites to Long Term Evolution (LTE) and installed 2,267 new 5G sites nationwide last year, the telco reported Thursday, February 16. Globe's aim was to connect more consumers and businesses after the pandemic accelerated the...
