Those who would look deeply into
the history of telecommunications in the Philippines would be surprised to know
that Globe Telecom, one of the pillars of mobile network and internet service
in the country today, actually has a long history dating back to 1935 as Globe
Wireless, a distance communications provider via telegraphy (“telegrams”). The
modern Globe as known by its customers came to be in the 1990s. Initially just
one of several providers of cellular communications, Globe outlasted most of
its competitors to become the Philippine telecom giant it is today. The rise in
income they registered last year is proof of their dominance.
CNN Philippines reports that a recent disclosure by Globe Telecom
saw their profits experiencing a massive increase last year, 2019, in
comparison to 2018. Said disclosure, filed on Tuesday, February 4, noted that
Globe’s consolidated income at the end of last year was at P22.3 billion.
Compared to two years prior, the income figure was higher by one-fifths. This
uptick in earnings was due to the steady increase of regular customers for
Globe Telecom by around 96 million nationwide. Many of these users were patrons
of Globe mobile data for their smartphones and tablet computers.
A likely factor in the rise of
Globe users was from their mobile data operations, as more and more people have
taken up the convenience of using social media, playing online games or just surfing
the internet on devices in the palms of their hands. Mobile revenue for 2019 was
counted as hitting P111.8 billion, a 12 percent growth. Added to the total
service profits Globe mobile data comprises three-fourths of everything they
have earned. The lion’s share of mobile earnings is from mobile data, with P71.8
billion revenue, a 41 percent increase. And of the above-mentioned 96 million
regular customers, 94.2 million of them primarily choose Globe for mobile.
That is not to say that other
Globe Telecom services have lagged behind mobile and data usage. There were
increases in broadband subscriptions and corporate data package plans as well,
just not as dramatic as mobile itself. Meanwhile, the rise of operating costs
has not been as large as the gains, with only 8 percent or P73 billion in all. Globe
President and CEO Ernest Cu hopes that this growth momentum follows through as
the year 2020 rolls by, especially since the official third telecom DITO
Telecommunity will launch in the Philippines sometime in July.
0 comments:
Post a Comment