Globe broadband subscribers up 3-fold
Globe Telecom Inc’s. broadband subscribers has grown three-fold to over half a million subscribers for the third quarter of the year, beating full-year expectations.
This translated to a 69% revenue growth of about P907 million, pushing sales to P2.2 billion by the end of September 2009.
“What we are doing is stimulating usage among value subscribers. It is no longer a one-size fits all market. The challenge for operators is to find the applications and new product offers that will drive usage,” explained Ernest L. Cu, President and CEO of Globe.
All of Globe’s broadband products posted record quarterly net additions with its fully mobile Internet service Globe Broadband Tattoo as the country’s fastest growing mobile broadband service. To take a big chunk of the broadband market, Globe continues to build its network to accommodate the demand for broadband service, both for nomadic and mobile broadband as well as fixed broadband for homes and businesses.



