Globe end-March postpaid business revenues up 18%


Globe Telecom said its postpaid revenues were up 18 percent at P7 billion as of end-March from P6 billion a year earlier.

Postpaid revenues accounted for 38 percent of the company’s total mobile revenues. Globe’s mobile revenues increased 8 percent to P18.5 billion from P17.1 billion a year earlier due to higher revenue contributions from its mobile data and domestic voice services.

“The postpaid business continues to scale up and provide solid contribution to the company’s overall mobile business. With our breakthrough offers and innovations, we continue to attract new customers as well as high-end prepaid subscribers to shift to postpaid,” Raul Macatangay, vice president for postpaid business and devices, said in a statement.

Postpaid subscribers totaled 2.09 million, up 12 percent from the previous year’s 1.9 million, with gross additions reaching close to 200,000 on the back of exclusive device offers and innovative postpaid deals which helped boost subscriber gains.

The Ayala-led company said the consistent performance of the segment is attributed to the strong take-up of its fully-customizable mySUPERPLAN, paired with the latest smartphones, innovative offers and postpaid deals and complemented by strong after-sales support.

Leveraging on its strong partnership with the world’s leading device manufacturers, Globe sustained its momentum into the second quarter of the year.

With the telco’s largest 4G network of over 8,400 4G base stations nationwide, subscribers can enjoy faster and more seamless connectivity while surfing on their mobile devices, the company added.


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