Globe Telecom’s total mobile subscriber base reached a fresh record high, exceeding 36 million at the end of the first half of 2013, driven by the success of its customizable and value-based product offerings amid rising demand for mobile browsing services.
“The company’s robust revenue growth in the first half was driven by strong performance of all our business segments complemented by the strong subscriber growth during the period, stemming from aggressive acquisitions in both the postpaid and prepaid business,” said Ernest Cu, president and chief executive officer of Globe.
The company’s total subscriber base of 36.1 million at the end of June this year is a 14-percent increase from a year earlier, and a 3-percent improvement from the previous quarter.
Overall subscriber net additions remained robust with close to 3 million in the first half, a 76-percent surge from a year earlier.
Globe postpaid subscribers are now approaching the two million mark, as subscribers reached 1.9 million at the end of the first half, an 18-percent increase from a year earlier and a 2-percent hike from the previous quarter.
On the other hand, Globe prepaid subscribers reached a total of 16.9 million at the end of the period, a 5-percent rise from a year earlier while TM subscribers totaled 17.2 million, a 23-percent jump from a year earlier.
On a year-to-date basis, gross acquisitions increased by over 2.4 million subscribers, a 20-percent increase from a year earlier.
The company said that subscriber acquisitions in the second quarter alone remained strong at 7.4 million subscribers, which is over 85,000 subscriber identification module cards higher than previous quarter’s level, which came mostly from the company’s mass market brand TM.
Globe sustained topline growth momentum in the first half, reporting total revenues of P44.5 billion, a 9-percent jump from a year earlier, resulting in a core net income of P6.4 billion, a 13-percent rise from a year earlier.