Globe Telecom reported that it has maintained its MSCI ESG (Environment, Social, and Corporate Governance) Rating of "AA" for the second consecutive year. In a disclosure to the Philippine Stock Exchange, the firm noted that MSCI ESG Research provides MSCI ESG Ratings on global public and a few...
Globe Telecom, one of the core business units of the Ayala Group, added four new cell towers in the municipality of Liloan, Cebu, to enhance connectivity and digital access for local communities. The firm said this development will benefit residents of the coastal town, particularly in Brgy. Tayud,...
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...
Despite a lower capital expenditures budget this year, Globe Telecom reported that it continues to make significant strides in expanding its network infrastructure across the country. The firm reported that it built 352 cell towers and upgraded 1,942 existing mobile sites to long-term evolution...
Zobel-led Ayala Corporation disclosed that it is paying P22.4 billion for the acquisition of an additional eight percent of Globe Fintech Innovations, Inc. (Mynt), the operator of the GCash platform, from existing shareholders. In a disclosure to the Philippine Stock Exchange providing final...
Globe Telecom, Inc., a member of the Ayala Group, has secured P22 billion in fresh loans from China Banking Corporation, Land Bank of the Philippines, and Metropolitan Bank & Trust Company. In a disclosure to the Philippine Stock Exchange, the Zobel-led firm said it has signed term loan...
Ayala-led Globe Telecom said its net income was almost flat at P14.5 billion in the first half of 2024, up by one percent from P14.4 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said, “This was primarily driven by the robust EBITDA...
Mitsubishi UFJ Financial Group (MUFG) and Ayala Corporation are acquiring fresh stakes in Globe Fintech Innovations, Inc. (Mynt), in a deal that more than doubled the valuation of the parent company of GCash to $5 billion (P286.4 billion) from $2 billion in 2021. In disclosures to the Philippine...
Globe Telecom is rolling out six new cell towers in Lapu-Lapu City to boost connectivity in the thriving island of Mactan. The firm said in a statement that the towers are strategically positioned to uplift local tourism and improve livelihood and quality of life for residents. The additional...
Globe Business brings together the brightest minds and influential leaders from key sectors at GSummit 2024, transforming the Marriott Grand Ballroom into a dynamic center of innovation, insights, and collaborative opportunities. The premier on-ground event, with its theme "CONNECTED," highlights...
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...
