Globe Telecom Inc. has signed a term loan facility of ₱5 billion with Bank of Commerce (BankCom), the banking arm of San Miguel Corp., to bankroll expansion projects and other financing needs. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said the...
Publicly listed telecommunications firms, particularly market leaders PLDT and Globe Telecom, are taking a beating on the local stock market as investors shy away due to the potential impact of the Konektadong Pinoy Act and new online gambling restrictions on e-wallets. “The sector has been on...
Telecommunications giant Globe Telecom Inc. is taking a firm stance in opposing the Konektadong Pinoy Act, which recently lapsed into law, voicing its concerns against the law’s supposed “grave risks.” In a statement on Tuesday, Aug. 26, the Ayala-led firm said it is concerned that the...
The telecommunications industry is urging the government to ensure strong safeguards for consumers under the implementing rules and regulations (IRR) to be crafted for the Konektadong Pinoy Act, which recently lapsed into law. The bill, also known as the Open Access in Data Transmission Act,...
Telecommunications giant Globe Telecom Inc. has successfully completed a field trial of a long-range free space optics (FSO) technology, which is seen to expand connectivity to remote areas where difficult terrain hinders fiber rollout. In partnership with Google X’s Taara, Globe said it...
Globe Telecom Inc. is confident that the recent moves by regulators to lessen the involvement of e-wallets in online gaming will not affect the growth trajectory of its GCash business, which has a diversified revenue stream. In an interview on Monday, Aug. 18, Globe Telecom President and Chief...
The Department of Information and Communications Technology (DICT) is coming out with a new circular that will extend the validity of the licenses of independent tower companies (ITCs) from the current five years to at least 15 years or longer to match the lifespan of the facilities they are...
In a shared vision to uplift the state of education in the country, and reach as many learners as possible, Globe and Khan Academy Philippines have collaborated to bring quality education closer to every Filipino. Joining hands to focus on empowering students, and educators through inclusive...
Speaking at the 1H 2025 financial media briefing, Globe reiterated its strong support for inclusive internet access and urged President Ferdinand Marcos Jr. (PBBM) to return the Konektadong Pinoy (KP) Bill to Congress for further refinement, ensuring it fully delivers on its transformative...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
Globe Telecom marked a significant milestone in Philippine corporate history as it celebrated its 50th year of public listing at the Philippine Stock Exchange (PSE) with a ceremonial bell ringing at the PSE trading floor in Bonifacio Global City. The event, held on August 11, 2025, commemorates...
It’s been a while, but Malacañang remains tight-lipped on the “Konektadong Pinoy” bill that aims to provide free Wi-Fi access, especially in Geographically Isolated and Disadvantaged Areas (GIDA), by liberalizing the telecommunications sector and expanding data connectivity. Yes, Virginia,...
