Ayala-led Globe Telecom Inc. is optimistic about achieving its growth target of low to mid-single digits for the full year of 2024, due to strong performance over the past nine months. Globe's Chief Finance Officer, Carlo Puno, stated during an online news briefing on Monday, Nov. 11, “the growth...
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...
Ayala-led Globe Telecom Inc. reported a six percent increase in net income for the first nine months of the year to P20.6 billion from P19.4 billion in the same period last year, driven by higher earnings before interest, tax, depreciation, and amortization (EBITDA). In a regulatory filing, Globe...
Globe Telecom Inc. announced the deployment of 32T32R Massive MIMO technology across 200 dense urban areas in the country in a move to bolster network capacity and accelerate 5G expansion. In a statement, Globe said the solution, developed in partnership with Nokia, seeks to enhance LTE capacity...
Ayala-led Globe Telecom Inc. was able to raise P3.7 billion from the successful sale of 307 cellular towers to Unity Digital Infrastructure. In a regulatory filing on Tuesday, Oct. 29, Globe said it officially divested 25 more towers to Unity for a total of P300 million, marking their fourth...
Ayala-led Globe Telecom Inc. joined forces with Singapore-based Transcelestial Technologies Pte Ltd. to deploy a laser communications system that would expand its 4G and 5G connectivity in the country. Through its shared services and outsourcing arm Asticom Technology Inc., Globe said it conducted...
Ayala-led Globe Telecom Inc. successfully completed the network restoration services in seven areas severely hit by Typhoon Kristine, while five more provinces are undergoing rehabilitation. As of 9 am on Friday, Oct. 25, Globe said that network service was successfully restored in areas namely...
Carl Raymond R. Cruz, formerly chief executive officer (CEO) and managing director of an African telecommunications giant, will take over the reins of Ayala-led Globe Telecom Inc. beginning next year. In a statement on Wednesday, Oct. 23, Globe said Cruz will be nominated as its president and CEO...
Ayala-led Globe Telecom Inc. is looking to transition 20 of its facilities to using renewable energy (RE) over the next five years as part of its commitment to attain a zero carbon footprint by 2050. In a statement on Monday, Oct. 21, Globe said it tapped the retail electricity supply (RES) unit of...
Mitsubishi Corporation’s acquisition of an indirect 6.8 percent stake in Globe Fintech Innovations, Inc. (Mynt) is seen to boost investor interest in the planned initial public offering of the GCash owner and its shareholders. Stock analysts said strategic investment by Mitsubishi will also open...
Reaffirming its commitment to addressing involuntary hunger, SM Advantage Card (SMAC) has donated ₱14.93 million to Globe’s Hapag Movement, marking a significant milestone in Globe’s drive to beat involuntary hunger and uplift communities across the country in time for World Food Day. Unite...
Globe Telecom reported that it has started blocking non-photographic imagery (NPI) of child sexual abuse– those made using artificial intelligence, computer-generated imagery (CGI), animation, cartoon, drawings and other non-live methods. As it ramps up measures against malicious content, Globe...
