Business NEWS

Local finance app GCash is unfazed over its closest competitor Paymaya’s move to open a digital bank.

For the first three months of 2022 alone, Globe Telco hauled ₱791 million revenues from its non-telco subsidiaries, triple the amount it posted in the same period in 2021.

Globe Telecom Inc. closed the first three months of 2022 with a net income soaring 86 percent to P13.7 billion as consolidated service revenues reached ₱39.2 billion, surpassing pre-pandemic level.

Globe Telecom Inc. fired up 380 new 5G sites in the first three months of the year alone to make 5G wireless technology accessible to more areas nationwide.

To expand its coverage in unserved and remote rural areas, Globe Telecom Inc. is collaborating with AST SpaceMobile Inc., builder of the world’s first space-based cellular broadband network.

In this digital age, the Philippines and the entire Asia-Pacific should protect intellectual property more to encourage businesses to develop and bring new products to customers, according to Globe Telecom Inc.

Mobile data use in the Philippines will continue to surge in 2022 even as pandemic restrictions ease, Globe Telecom executives predicted.

 Digital communications, health services provided

Shared services provider, Asticom Technology Inc., a wholly-owned subsidiary of Globe Telecom, reached the P2-billion revenue mark in six years of operations and manages 5,000 workers to date.

As the Philippines re-opens its borders, Globe Telecom Inc. has expanded its 5G mobile roaming services in 39 countries to date.

The Asticom Group of Companies, a wholly-owned subsidiary of the Globe Telecom Group, is hunting for joint venture partners to expand its business and is currently in talks with several parties, Mharicar Castillo-Reyes, Asticom President and CEO, announced Monday, April 18.

BRAD, Globe Telecom Group’s on-demand logistics business, is now gearing up to expand nationwide within the year.

Globe Telecom Inc. set up 91 new tower companies (towerco), which were on air since the start of the year, to more than double its nationwide coverage, the telco announced Tuesday, April 12.

Globe At Home’s fiber capacity soared 38.6 percent quarter-on-quarter as its customer base correspondingly shot up 36.5 percent as more Filipinos shifted to a digital lifestyle, the telco reported Monday, April 11.

Globe Telecom Inc. on Monday, April 4, closed a joint venture partnership deal with ST Telemedia Global Data Centres (STT GDC) and Ayala Corporation (AC) for a powerhouse data center which translates to a transaction pre-tax gain of P10.5 billion for the telco.

Globe Telecom Inc. is investing in international technical experts and software for a climate action roadmap meant to cut its emissions by half in 2030.

Cybercriminals now exploit the Russia-Ukraine conflict, using humanitarian aid-themed scams and online petitions for Ukraine to lure victims in the Philippines and the rest of Asia, Globe Telecom Inc. has warned.

As countries re-open their borders, Globe and mobile wallet GCash partnered to launch a service enabling overseas Filipino workers (OFWs) to connect and support families back home.