Business

Globe, a leading digital platform in the Philippines, has achieved the fourth closing of 113 towers sold to Frontier Tower Associates Philippines Inc. (Frontier Towers) for P1.4 billion.This amount reflects the value of the tower assets which are composed of 77 percent ground-based towers and 23 percent rooftop towers located in Luzon, Visayas and Mindanao, a press release from Globe said.Globe already received around ₱26.6 billion from Frontier Towers to date, as they gained ownership and management rights to 2,094 towers out of the 3,529 acquired towers, it said.In addition, Globe announced the closing of another 100 towers for ₱1.2 billion or reaching to around ₱13.4 billion received from MIESCOR Infrastructure Development Corporation (MIDC) to date.These tower assets ar...

Globe has been recognized as the Most Consistent Fixed Broadband Provider in 31 locations across the country for the second quarter of the year, based on an analysis by Ookla® of Speedtest Intelligence® data, a global industry standard for benchmarking networks.Consistency reflects “a percentage of a provider’s data samples that meet minimum thresholds for download and upload speeds.” The higher the consistency, the better internet performance and quality that consumers will enjoy, Globe said in a press release.Globe's commitment to providing top-notch broadband services has been reflected in the consistency scores across various locations, namely:Las Piñas, Metro Manila, Philippines - 89.16Bustos, Bulacan, Philippines - 88.96Mandaluyong, 1550 Metro Manila, Philippines...

The Globe Group’s consolidated service revenues rose 2 percent to a record P80.4 billion for the first half of 2023 showing stable revenues year-on-year, backed by the data revenue growth across mobile and corporate data businesses.The sustained topline improvement was likewise supported by the robust contribution from its non-telco services, which now account for 3.5 percent of total gross service revenues, a press release from the firm said.Total data revenues as of the first semester of the year amounted to P65.9 billion, increasing its contribution to the topline from 81 percent last year to 82 percent this period, it added.Mobile business revenues as of end-June 2023, stood at P54.8 billion or higher by 1 percent compared to P54 billion reported a year ago, mostly coming f...

Globe blocked 2.2 billion scam and spam messages from January to June this year, a nearly four-fold increase from the 615.01 million it logged in the same period last year.This figure is closely approaching the 2022 full-year record of 2.72 billion blocked messages, a press release from Globe said.Globe’s intensified fight against fraudsters complements the government's enforcement of the SIM registration law which aims to curb, if not eliminate, cybercrime.Unscrupulous persons commonly use scam and spam text messages to gain access or procure personal information from mobile users. This access to sensitive information allows cyberhackers to take control of online accounts, resulting in significant financial losses as they siphon out money from the victims' banks or e-wallet ac...

KodeGo, the innovative online tech boot camp by Globe's 917Ventures, is charting a new course for women in the science, technology, engineering, and mathematics (STEM) fields by providing opportunities that aim to address gender disparity in local employment, a press release from Globe said.The Philippines currently exhibits a 22 percent gender-based disparity in the STEM workforce, the largest in Southeast Asia, according to a study by professional networking platform LinkedIn.Although women make up 58.8% of employees in non-STEM fields, this figure dramatically falls to a mere 36.3 percent within the STEM sectors.KodeGo's mission to democratize education for all is proving to be instrumental in this context, equalizing opportunities for women in these rapidly evolving and hig...

Globe recorded 746 incidents of cable theft in the first five months of the year, affecting at least 1,600 customers who experienced connectivity issues due to the deliberate cable cuts.The cases declined from the same five-month period last year at 1,876, and a full year total of 3,598, a press release from Globe said.But this is due to the reduction in existing copper cable lines as part of Globe’s transition to fiber, and the bundling of cables that makes it more difficult to cut. Copper is the type of cable often stolen and sold to junk shops at around P470 per kilo, Globe said.“While the reported cases may have decreased, we believe one incident is one too many. Because ultimately, it’s our customers who suffer. Cable theft causes unnecessary inconvenience for our customer...

Rahul Hora, Manulife Philippines president and CEO, and Manuel Parroco, N1S president and CEO, in Bacolod City on Tuesday.*Global financial services provider Manulife has been tapped by Bacolod-based consumer goods distributor Number 1 Supplier, Inc. (N1S) to provide life insurance coverage to its employees.Through the partnership, all eligible N1S employees will be covered by Manulife FutureBoost, a flexible insurance and investment bundle that allows customers to increase their coverage anytime and enhance their protection at every stage of their life, Manulife announced at a press conference in Bacolod City on Tuesday, August 1.“Manulife offers innovative life insurance plans such as FutureBoost that are designed to provide customers long-term protection coverage from...

Globe reported a last day surge in SIM registrations to the NTC as the deadline lapsed and the grace period for reactivation began.The leading mobile network attributed this welcome stream of last-minute registrants to its vigorous communications campaign and the support of its customers, government regulators and private sector partnerships, its press release said..On July 25, the last day of SIM registrations, Globe saw a total 3.344 million SIM registrations, with customers rushing to beat the deadline.The following day, July 26, when deactivations began, a total 452,997 customers caught up to reactivate their mobile services, while 126,344 more complied on July 27.As of July 27, Globe has logged over 52.302 million SIM registrations, covering Globe Prepaid, Globe Postpa...

If you still missed the SIM registration deadline, you have a final grace period to comply with the law, Globe said.Globe, TM, and Globe At Home Prepaid WiFi users who missed the July 25 deadline for SIM registration will already feel the impact of non-compliance, with their outgoing services and incoming calls deactivated, a press release from Globe said.But, as stipulated in the implementing rules and regulations of the SIM Registration Act, they still have five days - from July 26 to 30 – to catch up and save their SIM from permanent deactivation. Their incoming SMS is still left active so they could receive a One-Time Pin for SIM registration, it said."Globe recognizes the essential role of uninterrupted mobile and broadband services in our customers' daily lives. So, as pr...