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...
Ayala-led Globe Telecom Inc. banked on contributions from its one-off equity earnings from the parent firm of popular e-wallet GCash to weather headwinds that led to a dip in its profit in the first half of the year. In a disclosure to the Philippine Stock Exchange (PSE), Globe reported that its...
Telecommunications giant Globe Telecom Inc. said its network expansion strategy will focus on narrowing the digital divide affecting around 4.2 million Filipinos in remote areas in the country, as the company remains on track to achieve 100 percent mobile network coverage. As of August 2025, Globe...
Ayala-led telecommunications giant Globe Telecom Inc. has raised more than ₱89 billion in proceeds from tower sales, following the transfer of 93 towers to MIESCOR Infrastructure Development Corp. (MIDC) and Phil-Tower Consortium Inc. (PhilTower). In a disclosure to the Philippine Stock Exchange...
Telecommunications giant Globe Telecom Inc. has cleared another hurdle in its plan to integrate satellites into its network to serve remote communities, following the successful trial of the country’s first satellite-to-phone voice call. Globe said it recently completed a trial to test the...
Globe Telecom Inc. is upgrading its network infrastructure in Batanes to significantly improve the mobile network experience, providing high-speed connectivity to residents and visitors of the remote province. The telecommunications giant said it is employing alternative and innovative transport...
The Ayala Group reported that the parent company and four of its main subsidiaries have once again made it to the prestigious FTSE4Good Index Series due to their sound environmental, social and governance (ESG) practices. In a statement, the conglomerate said inclusion in the index strengthens the...
The Philippines stands to benefit from higher connectivity that meets the demands of artificial intelligence (AI) as a regional consortium of telco players, including Globe Telecom Inc., plots course for a new submarine cable system. In a statement, Globe said it is representing the Philippines in...
Carl Cruz had a choice: stay comfortable or seek a new challenge. After three decades building a successful career in the fast-moving consumer goods (FMCG) industry, he chose the latter, venturing into the world of telecommunications. “What 's there to prove?” This was the question his...
