Globe Telecom Inc. projects low-to-mid single-digit service revenue growth this year as the economy recovers from the 2020 pandemic-induced recession.
Hence, the telco remains gung-ho on its P70 billion capex for 2021.
“We believe that the relevant product platforms in place, coupled with the
GCash e-payments for the Bureau of Internal Revenue (BIR) taxes soared last year, signifying a shift in user behavior, where customers find it more convenient to pay digitally, the leading mobile electronic wallet provider said.
In a statement, Martha Sazon, Gcash president and chief executive, s
Converge, Globe top Netflix s internet speed index in PHL bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
February 11, 2021 | 12:06 am
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Senior Reporter
GLOBE TELECOM, Inc. posted a 13.04% decline in its core net income for 2020 mainly due to the impact of the coronavirus pandemic on its businesses except for the home broadband.
The listed Ayala-led telcoâs core net income for 2020, which excludes the impact of non-recurring charges, foreign exchange and mark-to-market charges, went down to P19.52 billion from P22.45 billion in 2019.
Full-year service revenues from mobile, home broadband, corporate data, and fixed line voice decreased 1.76% to P146.39 billion from P149.01 billion in the previous year.
Broken down, mobile revenue declined 7.08% to P103.11 billion from P110.97 billion, while broadband revenue jumped 23.23% to P26.80 billion from P21.75 billion.
As the world celebrates Safer Internet Day today (February 9, 2021), local telcos report on how they battled the online sexual abuse and exploitation of children (OSAEC).
PLDT Inc. and Smart Communications, Inc. disclosed they invested P2 billion this year in their advanced cybersecurity operatio