Globe Telecom. Inc.
are we too late for the Pokemon craze?

Globe rides on Pokémon Go craze
By Louella Desiderio (The Philippine Star) | Updated November 2, 2016 - 12:00am

MANILA, Philippines – Globe Telecom Inc. has entered into a partnership with The Pokémon Company and game developer Niantic Inc. to promote the Pokémon Go game in the Philippines.

The partnership, which is the first to be entered into by Niantic outside of Japan, seeks to enhance the Pokémon Go experience of Filipino gamers.

Under the partnership, Globe would be able to put PokéStops and Gyms in the country.

“Pokémon Go fever has certainly taken over majority of Filipinos’ digital lifestyle. From walks to ‘lure parties’ the take-up on the mobile game continues to grow. We want to give our customers more reasons to enjoy the game, and the launch of new PokéStops and Gyms is just the start of our collaborative efforts,” Dan Horan, senior advisor for consumer business at Globe said.

As a start, Globe retail locations and charging stations have become PokéStops and Gyms for the game.

To set up more PokéStops and Gyms, Globe will also be working with partners such as the Ayala malls, Puregold, Robinsons Malls and SM Supermalls.

As part of the partnership, Globe is also providing customers better access to the app through different mobile offers. By availing of the GoSURF50 mobile promo, customers will be able to access Pokémon GO as one of the free apps within the bundle.

Globe customers can also download the free Pokémon Go promo on the Globe Switch app.

The partnership likewise gives Globe the distribution rights to Pokémon merchandise including digital connectors, cool gadgets and a selection of apparel.

In addition, Niantic founder and CEO John Hanke said the partnership would allow the companies to work together in organizing events such as Pokémon festivals for gamers.

Globe chief commercial officer Albert De Larrazabal said the partnership supports the telco’s aim to expand its offering to subscribers.

“We’re trying to create more choices for our subscribers. This one is in the field of gaming. This is the third biggest segment next to video and social networks so, clearly this is a space that attracts a lot of following and specifically, this game has been very hot,” he said.

Horan said Globe also expects to benefit from the partnership in terms of revenues and market share.

“Commercially for us, it will be good because we have customers using the service. That’s a good thing for us from a revenue perspective. And obviously if you are not a Globe customer, you will have to join us to get the full benefit of Pokémon,” he said.

As of the first semester, Globe’s mobile data service revenues amounted to P17.8 billion, a 46 percent growth from the P12.2 billion reported a year ago.
Static revenue clips Globe earnings in Q3
By Louella Desiderio (The Philippine Star) | Updated November 8, 2016 - 12:00am

MANILA, Philippines - Net earnings of Globe Telecom Inc. plunged 50 percent in the third quarter from a year ago amid flat revenue growth.

Globe’s quarterly report released yesterday showed the telco’s net income reached P2.74 billion in the third quarter, down from the P5.43 billion in the same period last year.

Its core net income, meanwhile, reached P2.91 billion in the third quarter, down 29 percent from P4.08 billion a year ago.

Service revenues reached P29.52 billion from July to September, almost unchanged from P29.53 billion a year ago.

Costs and expenses amounted to P18.93 billion in the third quarter, up slightly from P18.83 billon last year.

For the January to September period, Globe saw its net profit fall 17 percent to P11.72 billion this year from P14.14 billon in the same period in the previous year due to higher non-operating charges and depreciation, as well as costs related to the transaction with San Miguel Corp. (SMC).

Core net earnings for the nine-month period reached P11.75 billion, down eight percent from P12.71 billion.

Last May 30, Globe acquired half of the telco assets of SMC, allowing the company to gain access to new and additional frequencies.

Service revenues for the nine-month period rose seven percent to P89.09 billion this year from P83.36 billion last year.

Globe’s costs and expenses also climbed six percent to P56.24 billion as of end-September from P53.25 billion in 2015.

For the nine-month period, Globe spent around P26.6 billion worth of capital expenditures with 64 percent going to data-related initiatives as the firm supports the growing subscriber base and data requirements.

As of end-September, Globe had 65.4 million mobile subscribers, 1.15 million home broadband users and over 1.2 million landline subscribers.

“Notwithstanding the serious turn in the level of competition, Globe’s overall financial results remained strong and still on-track with our guidance for the year, marked by record-level subscriber acquisitions, churn improvements and increased data adoption,” Globe president and CEO Ernest Cu said.

“We remain steadfast with the expansion of our data network and capacities, to maximize the use of the additional 700 and 2600 megahertz (MHz) frequencies, to give our customer the best experience in terms of the speed and reliability of our internet services,” he said.
Globe Telecom secures 15-year P5 billion term loan with UnionBank
Globe earmarks $750 M for 2017 capex

By Louella Desiderio (The Philippine Star) | Updated January 20, 2017 - 12:00am

MANILA, Philippines - Globe Telecom Inc. is allotting $750 million for capital expenditures this year, with the bulk intended to support data services, Globe president and CEO Ernest Cu told reporters yesterday.

The capex would be funded through internally generated cash flow.

Cu said the telco would want to keep the capex at a lower level this year compared to last year’s $1 billion.

“You have to balance everything out, right? Your revenues, EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) margins, cash generation, capex — all that has got to be balanced,” he said.

A large part of last year’s capex was spent on data capacity for both mobile and wireline using different technologies of 3G, LTE (Long Term Evolution) and WiFi, as well as to expand network reach.

For this year, Cu said the plan to is to continue using the bulk of the capex to boost data capacity amid growing demand for such service.

Business ( Article MRec ), pagematch: 1, sectionmatch: 1

As of end-September, Globe’s net earnings reached P11.72 billion, down 17 percent from P14.14 billon in the same period in 2015 due to higher non-operating charges and depreciation, as well as costs related to the transaction with SMC.

Globe’s core net earnings amounted to P11.75 billion from January to September last year, eight percent lower than the P12.71 billion in 2015.

The Ayala-led telco had 65.4 million mobile subscribers as of end September.
Globe 2016 core net income hits P16 B
By Louella Desiderio (The Philippine Star) | Updated February 9, 2017 - 12:00am

MANILA, Philippines – Globe Telecom Inc.’s core net income hit a record P16.01 billion last year, supported by all-time high consolidated revenues.

In a press briefing, Globe president and chief executive officer Ernest Cu said core net income which excludes the impact of non-recurring charges, foreign exchange and mark-to-market changes grew six percent from the P15.13 billion in 2015.

Net income, meanwhile, reached P15.89 billion last year, down four percent from P16.48 billion in 2015.

Globe achieved record core net income as its consolidated service revenues also hit a fresh peak at P120 billion last year, six percent higher than the P113.68 billion a year earlier.

The sustained revenue momentum, despite the competitive intensity in the market during the second half of 2016, was driven by the growth in data-related products across all segments.

Mobile revenue rose slightly to P91.90 billion last year from the P91.24 billion in 2015 due to the continued shift to data from core voice and SMS of customers.

Given increasing use of data by subscribers, mobile data now accounts for 38 percent of total mobile revenue, outpacing voice which has a 37 percent share.

Revenue from mobile data service reached P34.6 billion in 2016, a 25-percent increase from the P27.7 billion reported a year ago.

Despite Globe’s clean-up of inactive accounts, the Ayala-led telco ended 2016 with 62.8 million mobile subscribers, a 12-percent growth from the 56.2 million subscribers reported in 2015.

Revenues from the home broadband business increased 28 percent to P14.46 billion last year from P11.32 billion in 2015 with the total subscriber base now reaching 1.13 million.

Globe’s corporate data business likewise improved year-on-year as revenues climbed 28 percent to P9.90 billion in 2016 from P7.70 billion in 2015, with strong demand for data connectivity and cloud computing solutions contributing to the growth.

Traditional fixed line voice revenues also posted an 11- percent year-on-year uptick to reach P3.78 billion last year supported by the new home broadband bundled plans.

Globe also posted another record-level consolidated earnings before interest, tax, depreciation and amortization of close to P50 billion last year, up nine percent from the 2015 level of P45.96 billion.

Total operating expenses and subsidy also grew by three percent to P70.01 billion last year from P67.72 billion in 2015.

Capital expenditures spent by the telco, meanwhile, reached P36.7 billion or $772 million last year.

While the industry is seen to remain highly competitive this year, Globe is upbeat it can sustain gains made last year.

“As we move forward in 2017, we are optimistic that we will maintain our growth trajectory as we continue to strengthen our leadership in the digital space, through the use of innovation and partnerships with global content providers. We are confident that our aggressive investments in our network will meet the country’s future digital demands,” Cu said.
...small news but a great one Tongue libre eh

Jollibee-Globe deal allows free calls for delivery

Globe subscribers can now call Jollibee's delivery hotline #87000 for free through their mobile phones. The service will also come to Burger King, Greenwich, Mang Inasal, and Chowking.

MANILA, Philippines – Globe Telecom and Jollibee Foods Corporation (JFC) teamed up to expand the fast food giant's IT and delivery services.

The agreement, announced on Monday, October 2, means that Globe customers will now be able to call Jollibee's delivery hotline #87000 for free through their mobile phones.

JFC also said the partnership ensures easier access and greater reach for areas that have a growing demand for delivery services.

"With this new partnership with Globe Business, we will be able to bring the convenience of one nationwide delivery hotline to more customers. Globe Business is an excellent partner for us since they have a high level of expertise in ICT," said JFC vice president for national business channels Manjie Yap in a statement.

"Nowadays more and more technological innovations are coming out, and of course we are looking forward to maximize this so our customers can benefit more. The 'Hashtag' project is just a start of the many innovations we foresee to improve our service," Yap added.

Beyond the initial partnership with Jollibee, Globe Business also partnered with the other fast food chains that belong to the JFC group of companies.

Globe said it will provide the same service to Burger King's #22222, Greenwich's #55555, Mang Inasal's #71111, and Chowking's #98888.

JFC is currently in the midst of an expansion spree, targeting to open 250 new stores by the end of this year.

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...this is good

Globe launches cashless payment service

MANILA - Globe Telecom said Wednesday its subscribers could use their mobile phones for cashless transactions, even those without credit cards.

The mobile wallet is built into Globe's GCash service and merchants only need to scan a QR code on the phone to complete a transaction, Globe said in a statement.

GCash is a service of Mynt, Globe's financial technology start-up, which recently forged a strategic partnership with Chinese billionaire Jack Ma's Ant Financial.

"Now that more people are using data on their smartphones, the time is ripe to enable digital payments using the smartphone and let this go mainstream," Globe president and CEO Ernest Cu said in a statement.

GCash scan-to-pay will bring to the Philippines convenience similar to Ma's Alipay, which has 520 million users, Ant Financial CEO Eric Jing said in the same statement.

Retail shops and restaurants in Ayala Malls will the be the first to offer Gcash scan-to-pay, Globe said.

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Reply driven profit

Globe Q3 profit rises amid strong demand for data

EARNINGS of Globe Telecom, Inc. attributable to the parent soared 76% in the third quarter of 2017, as the company continued to benefit from the expansion of its data segment in mobile and home broadband.

In a regulatory filing on Friday, the telecommunications giant said it delivered a net income attributable to the parent of P4.87 billion in the July to September period, higher than the P2.76 billion it realized in the same period in 2016. Revenues for the period grew 8.7% to P32.24 billion.

This pushed Globe’s nine-month attributable profit to P12.99 billion, 11% up year-on-year, following a 6% increase in revenues to an all-time high of P95.14 billion.

“We take pride in our accomplishments for the first nine months of the year with the sustained record-level revenues and EBITDA (earnings before interest, taxation, depreciation, and amortization). These achievement continue to inspire us to do the excellent work in all aspects of our business,” Globe President and Chief Executive Officer Ernest Cu said in a statement.

The company attributed the increase to its growing data segment, driven by its mobile and home broadband businesses, as well as its partnerships with global companies for innovative digital services.

Ayala Corp. and Ant Financial Services Group’s investment in Globe Fintech Innovations meanwhile helped offset the company’s share in equity losses and spectrum amortization connected to the acquisition of San Miguel Corp.’s telco assets.

Globe noted a 7% increase in mobile revenues in the nine months ending September to P73.1 billion, as the use of mobile data saw a strong uptake in the period. The company’s mobile subscribers reached 59.3 million during the period, which fell 9% year-on-year after it adopted a change in reporting strategy which excluded users who do not reload within 90 days from its count.

Mobile data service revenues stood at P31.3 billion, 20% higher year-on-year as the country saw higher smartphone penetration or 70% in the January to September period. Mobile data contributed 43% to the company’s mobile revenues.

Meanwhile, its home broadband business revenues grew 8% to P11.7 billion during the nine-month period. This was due to the robust demand for fast and reliable internet access, which drove the company’s customer base to 1.26 million subscribers by the end of September 30.

The company’s corporate data business delivered P7.6 billion in revenues, 4% up from the same period a year ago, as the segment saw increased usage during the period.

As of the end of September, Globe has spent P36.8 billion in capital expenditures to support its growing subscriber base and demand for data. Of this, around 84% has been exhausted for the data service needs of customers.

“As we focus more on the network improvement and differentiated customer experience, we expect to maintain our current momentum, and round out the year with a stable growth performance,” Mr. Cu said.

Globe currently has more than 24,000 base stations for the 4G network in order to support the service requirements of its subscribers.

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...bad news for GLO TEL

Telco shakeup

Finally, the political will to address a major national economic problem — slow internet and poor telecommunications service. President Duterte has offered China a slot to become the third major telco player in the country, a move aimed at breaking the much criticized duopoly of Globe Telecom and PLDT Inc.

The President, who reportedly made the offer during his meeting with Chinese Premier Li Keqiang in Malacañang two weeks ago, warned the two telcos last year to shape up or face new competition.

The Philippines’ data and voice services are among the slowest and most unreliable in the Asia-Pacific region. The Philippines ranked 94th out of 121 countries for mobile internet, and 91st out of 131 countries for fixed broadband, according to the Speedtest Global Index study in September.

In both categories, the country was outranked by five of its Southeast Asian neighbors — Cambodia, Vietnam, Thailand, Malaysia and Singapore.

PLDT and Globe have also been accused of stifling competition and of failing to make necessary upgrades to improve services. They joined forces last year to buy for P70 billion the radio frequency assets, including those in the coveted 700 megahertz (MHz) band, from a potential rival, San Miguel Corp.,
purportedly to upgrade their services.

Much earlier competitors — Sun Cellular of the Gokongwei family and Bayantel of the Lopez family — were also acquired by the duopoly and left perhaps until their natural deaths. The 700 MHz is a low-band frequency prized for its ability to efficiently cover wide distances and penetrate buildings. Still, the duopoly’s services remain lacking to date.

To show that the government is serious this time around, President Duterte has ordered that all applications from prospective new telco players be filed in the Office of the Executive Secretary, which was given 45 days to act on them.

This latest announcement ties in perfectly with the government’s signing two weeks ago of an agreement with an affiliate of Facebook to put up high-speed internet infrastructure with a capacity almost equal to that of Globe and PLDT’s combined.

The project will build an “ultra high-speed information highway” that the government promised would improve the speed, affordability and accessibility of broadband internet across the country. Presidential spokesperson Harry Roque noted that this deal would have been signed as early as December last year were it not for “delays” allegedly on the part of then Secretary Rodolfo Salalima of the Department of Information and Communications Technology.

The seriousness of the government can also be seen in Congress, which is moving fast to remove telecommunications from the list of industries where foreigners are restricted to owning a maximum of 40 percent. Sen. Grace Poe, chair of the Senate committee on public services, earlier filed Senate Bill No. 1441, which sought to amend the antiquated Public Service Act to limit the definition of “public utility” to natural monopolies, which are the transmission and distribution of electricity, and waterworks and sewerage systems.

All this talk about a third telco player would not have arisen had the services of the duopoly been better. But the country had languished below the global internet speed and service availability surveys.

Even with the acquisition of the telco assets of SMC that they claimed they needed to improve their service, nothing much has changed since.

Perhaps a third major player is truly the only answer. As Senate President Aquilino Pimentel III pointed out, a third telecommunications firm is exactly what our country needs “to end a telco duopoly mired in mediocrity; a situation that has allowed them to hold the Filipino consumer hostage to poor communications and data services.”

The absence of alternatives, he added, has numbed Filipinos to the reality of poor network coverage, dropped calls, disappearing loads, lost text messages, and slow data or internet speeds.

Perhaps Filipino consumers have reason to be hopeful this time around.

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Globe exec expects fintech unit to rack up revenues in 10 years

GLOBE Telecom Inc. President Ernest L. Cu admitted it may take a decade before the company’s financial-technology (fintech) subsidiary contributes a significant amount of revenues to the telco group, as it first needs to build critical mass in both user base and usage.

Cu said compared the Globe Telecom unit to China’s Ant Financial, an investor in Globe Fintech Innovations Inc. (Mynt), Globe’s fintech arm. The said company directly owns GCash, a virtual wallet that allows users to pay bills, send money and purchase goods online.

“In China it took five to seven years before things happened. Today, we’re not even looking at revenues at the moment, we’re looking at building the active user base, making the experience more convenient and more relevant to people,” Cu said in an interview. “We’re looking at improving the cash in experience, we’re looking at increasing the merchants base that accepts GCash, and from there, we’ll see what happens in the revenues.”

Also within that period, GCash should have more than 20 million users, transacting billions of pesos in a monthly basis.

“Our goals is to go north of 20 million users in five to seven years,” Cu said. “What we are focused on doing today is gaining momentum because I think it’s with that momentum—that more and more merchants will want to sign up, more and more people will want to download the app and use the payment experience.”

Currently, there are about 5 million GCash users in the Philippines, transacting about P6 billion per month.

Just recently, Globe partnered with malls under the Ayala, SM and Robinsons groups for the introduction of the a new payment scheme using the GCash application. Through their mobile phones, subscribers can now pay for their retail purchases using the scan-to-pay option in their GCash accounts.

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