GLOBE Telecom on Friday said more than a third of its mobile customers are now using smartphones.
“As more and more of our customers shift to a digital lifestyle, Globe is continuing to make data-driven capital investments to provide increased network capacities and enhance customer satisfaction,” President and Chief Executive Officer Ernest Cu said.
The growing use of mobile broadband across Asia Pacific is expected to surge as more and more people are likely to start using smartphones and embrace data connectivity, prompting Globe to make data-driven capital investments and increase network capacities.
Estimates indicate that the region will have 1.9 billion LTE users and about the same number of 3G users by 2020.
Globe is continuing to invest aggressively in building on its capacities in a bid to future-proof its network amid the continuing adoption of smartphone use among its customers.
Cu noted the robust customer uptake in the first half of the year as the company continues to be the network of choice among smartphone users.
“This will build capacities for our network to handle the explosive growth of the data traffic of our customers,” Cu added.
Globe’s capital expenditure in the first half of the year stood at P11.4 billion, the bulk of which were allotted to data-related projects that include investments in broadband network, capacities for wireless data, LTE, and domestic and international transmission facilities.
“A significant portion of the company’s capex for the year were also allotted for its IT infrastructure as Globe continues to create platform for new products as well as to build on its IT transmission initiatives,” Cu said.
Globe solidified its leadership in mobile data business and registered P9.5 billion in mobile browsing and other data revenues in January to June, up a 53 percent from P6.2 billion a year earlier.
Wireless data traffic on the Globe network has increased by 82 percent year-on-year with the growing number of smartphone users and applications that leverage on the internet.
Besides the growing number of smartphone users, the sustained emergence of various products and services that include OTT applications, music, video streaming, gaming and social media that leverage on the internet and data also provided support for the company’s mobile data business.
“Through various partnerships with global digital giants, we have built a portfolio of products and services that provide relevant content to fit our customers’ digital lifestyle,” Cu said.
“We also continue to capitalize on these partnerships to further seed data adoption among our customer base,” he added.
Consolidated revenues reached a record P53.8 billion in the first half of the year, up 13 percent from P47.7 billion a year earlier.
Core net profit totaled P8.6 billion, up 14 percent. EBITDA reached P22.7 billion, up 19 percent P19.1 billion.
“We expect growth in smartphone use to continue, and that presents a very good opportunity for us moving forward,” Cu said.