Globe income rises 11% on lower non-operating charges, CREATE law
May 7, 2021 | 7:23 pm
BW FILE PHOTO
Globe Telecom, Inc. announced on Friday an 11% increase in its first-quarter attributable net income, owing to a newly signed tax relief law and a decrease in non-operating charges.
Globe’s attributable net income reached P7.31 billion in the first three months, up from P6.58 billion in the same period in 2020, the Ayala-led telco said in a statement to the stock exchange.
“Despite the resurgence of COVID-19 (coronavirus disease 2019) cases in the country and the lingering uncertainties from the pandemic, we are encouraged by the improvements in Globe’s first quarter results,” Globe President and Chief Executive Officer Ernest L. Cu said.
BusinessWorld
April 23, 2021 | 8:05 am
By
Bjorn Biel M. Beltran
Though far from a complete panacea to the country’s troubles during the COVID-19 crisis, digital technology and connectivity have been instrumental in minimizing the pandemic’s impact. In fact, the rapid adoption of digital technologies was recommended by the World Bank to help the Philippines overcome the impact of the COVID-19 pandemic, recover from the crisis, and achieve its vision of becoming a middle-class society free of poverty.
A joint report released by the World Bank and the National Economic and Development Authority (NEDA) in October last year, titled “A Better Normal Under COVID-19: Digitalizing the Philippine Economy Now,” found that the use of digital technologies such as digital payments, e-commerce, telemedicine, and online education, has risen in the country, softening the pandemic’s blow to individuals, businesses, and the government.
It’s all in the spirit of becoming a #1stWorldNetwork.
“Aside from faster speeds, our goal has always been to give consumers easy access to all the digital use cases they desire,” President and Chief Executive Officer Ernest L. Cu underscored.
President and Chief Executive Officer Ernest L. Cu
“In the Philippines, this translates mostly to social media, messaging, streaming videos and music,” he explained.
“And this has been happening as a result of our consistent network performance which offers a better connectivity experience for our customers,” the CEO pointed out.
Already, the telco’s aggressive cell tower builds improved internet speeds and higher Consistency Scores, as independent analytics firms confirmed.
BusinessWorld
February 11, 2021 | 12:06 am
BW FILE PHOTO
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.
December 15, 2020 | 12:05 am Font Size
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MOBILE NETWORK operator Globe Telecom, Inc. has successfully transferred on Monday the bulk of its technology infrastructure to cloud service provider Amazon Web Systems, Inc. (AWS), in a bid to accelerate the former’s digital transformation and improve customer experience.
AWS is a subsidiary of American multinational technology company Amazon.
In a statement, Globe said that it was able to migrate its contact center operations, customer analytics, network and service assurance systems, infrastructure operations, monitoring, and security, from its on-premises data centers to AWS. It added that it continues to transfer applications to AWS to modernize its infrastructure and services. Although he did not give the exact percentage of the infrastructure that was moved to AWS, Globe’s Chief Information officer Carlomagno E. Malana told reporters in a Monday press briefing that there was “definitely a clear majority.”