Globe Tattoo revenues register 23% growth in first quarter

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Globe Telecom’s Tattoo broadband kicked off the first quarter of the year with remarkable growth in revenues and subscriber base, propelled by continuous market demand for Internet connectivity both in homes and on-the-go.

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“On a larger perspective, it is also a testament that the benefits of our network modernization are steadily manifesting, with vast improvements in data delivery as one of the major guarantees of the new Globe network,” said Ernest Cu, president and chief executive officer of Globe.

Globe said that as of end-March 2013, its broadband revenues reached P2.5 billion, up from the P2 billion in 2012 for a 23-percent increase amid the intense competition. Tattoo also grew its subscriber base by 17 percent from 1.5 million in the first quarter of 2012 to 1.7 million in same period in 2013.

“The brand’s consistent brisk business activity will solidify its position in the local broadband business, fueled by its sustained growth and in relation to the telco’s expanding LTE [long-term evolution] network that is future proof, ready to accommodate bandwidth-heavy services,” said Nikko Acosta, head of Globe Tattoo.

The Ayala-led company said that with the growth in subscriber base and revenues, the brand increased its contribution to overall revenue in the first three months of 2013 to 12 percent, higher than the 10 percent year-on-year.

Globe’s broadband business sustained its growth momentum stemming from the constant demand for nomadic or mobile and indoor Internet access.

Meanwhile, fixed-line data segment was bullish from as of end-March 2013, posting P1.1-billion revenues, an increase of 11 percent year on year and 2 percent quarter on quarter. In contrast to the first three months of 2012, growth in 2013 continued from the heightened demand for high-speed data nodes, transmission links and bandwidth capacity to serve the needs of business and enterprise customers.

Rosalie C. Periabras

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