WHO WE ARE

Globe Telecom, Inc. is a leading full-service telecommunications company in the Philippines and is listed in the Philippine Stock Exchange under ticker symbol GLO. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet, and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, and virtual healthcare. 

Supported by over 8,300 employees and over 1.1 million retailers, distributors, and business partners nationwide, the company currently has 76.6 million mobile subscribers, both prepaid and postpaid, and 3.8 million home broadband customers. Globe keeps Filipinos connected through its tie-up with 780 roaming partners in 237 calling destinations worldwide.

Its principals are Ayala Corporation and Singapore Telecom, both acknowledged industry leaders in the country and in the region.

In 2019, Globe became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles.

MARKET OUTLOOK

The Philippine telecommunications industry has seen a shift in recent years with the advent of data and the Internet of things changing customer behavior and the way telecommunications firms operate. Hastening this is the COVID-19 pandemic which has caused consumers to rely more heavily on digital channels to enable working, learning, conducting businesses, and entertaining from home. As such, telecommunication companies have had to reposition themselves to remain relevant to match the evolving consumer digital habits in the new normal.

For a highly penetrated mobile market such as the Philippines, the prevalence of affordable data plans and smart devices is further driving the demand for data. Using social media, watching online videos, listening to music streaming services, and playing games are the top activities for Filipinos on the Internet.

The fixed line industry is also seeing an increasing demand for data. At home, smart televisions and gaming consoles are enabling the consumption of bandwidth-intensive multimedia content. Meanwhile beyond connectivity, corporate and enterprise clients are looking to service providers including telcos, for assistance in enabling their digital transformation.

On competition, the industry may experience changing market dynamics with the entry of the third mobile player. Likewise, with the increasing demand among addressable households for high-speed broadband service, Globe and the incumbent operators will fast track the rollout of fiber-to-the-home service.

Lastly, on the regulatory front, the government continues to review existing laws and policies, aligning them with international norms. This has led to zero interconnection fees for mobile calls and texts and new rules governing prepaid load expiry and mobile number implementation, which is set for 2021.

CAPITALS