Globe Telecom, Inc. delivered another record performance in the second quarter to close the first half of the year with consolidated service revenues of P40.8 billion, 6 percent higher than last year’s level of P38.4 billion.
The mobile business sustained its strong growth momentum to end the six-month period with revenues of P33.3 billion, six percent better than last year’s results despite the very challenging business environment.
Broadband revenues sustained its double-digit expansion and were up 13 percent year-on-year to P4.1 billion with the continued strong demand for Tattoo-On-The-Go offerings.
The mobile business thrived against the challenges posted by competition, notwithstanding peaking penetration levels driven in part by multi-SIM usage and subscribers’ preference for services offering the best value for their money.
This period’s mobile revenue growth is a testament to the strength of the brands that Globe has built over the past years and a result of the investments made in pioneering customizable services, improving the retail experience with the Globe concept stores, and introducing barrier-breaking product and service innovations which altogether revolutionized the industry.
Globe revenues climb 6% to P40.8B in 1st half of 2012
- Written by Tribune
- Thursday, 09 August 2012 00:00
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