Globe Telecom on Tuesday said that its postpaid business registered double-digit growth in subscriber base and revenues in the first quarter of 2013, with the postpaid customer base nearing two million.
“With successive quarters of growth in subscriber base and revenues, Globe Postpaid continues to provide solid contribution to the company’s overall mobile business,” said Martha Sazon, head of Globe Postpaid.
The company said that as of end-March 2013, Globe postpaid subscribers totaled 1.9 million, a 21-percent increase from the previous year’s 1.5 million, with gross acquisitions soaring to a record-high of over 205,000 in the first quarter, up 35 percent and 40 percent against the same period last year and last quarter, respectively.
Net postpaid additions also increased to a quarterly high of over 122,000 during the period, surpassing last year’s level by 44 percent and last quarter’s performance by 71 percent.
Globe said that the segment also showed outstanding growth in service revenues after posting P6 billion in revenues during the same period, up 14 percent from the P5.3 billion of the previous year. Postpaid service revenues in first three months of this year account for 35 percent of Globe’s total mobile revenues, up from 32 percent in the same period last year.
Keeping momentum to grow its postpaid segment in the second quarter of the year, Globe strengthened partnerships with device manufacturers and offered the best smartphone deals.
The telecommunication firm has gained exclusivity to carry the new BlackBerry Z10 Long-Term Evolution under its suite of unlimited surfing plans that provide subscribers with unlimited LTE surfing of up to 42 megabytes per second (Mbps).
In April, Globe unveiled the Samsung Galaxy S4 and offered the newest Galaxy smartphone for as low as P1,599 per month under the Globe My Super Plan 999, with P600 monthly cashout over a 24-month contract period, giving customers the most affordable and competitive device bundle offer in the market today. Under this offer, subscribers get unlimited LTE surfing of up to 42 Mbps plus free calls and texts.
In conjunction with its device launches, Globe further upped the ante in the postpaid segment with the launch of its My Super Plan, where subscribers get more than what they pay for with postpaid plans, now bundled with peso value amounts that almost double the plan value.
The peso value amount can be allocated among combos in the form of call, text and surfing services, consumable amount and gadgets. Subscribers also have the flexibility to choose their contract periods ranging from six months to 30 months.
Rosalie C. Periabras