Globe said the huge jump in net income was due to one-time gains from the sale of its tower assets while the slight increase in consolidated earnings was attributed to rising data usage plus growth in its non-telco business.
“We believe that our decision to pivot and expand our growth opportunities through non-telco services has paved the way for us to remain relevant and competitive,” Cu said. From a product view, mobile data revenues grew 8 percent to ₱62.5 billion in the first nine months of the year. This was mainly due to the strong traction from information and communication technology services which grew 96 percent year-on-year.
Globe’s total operating expenses, including subsidy, stood at ₱57.6 billion for the first nine months of 2022, or flat year-on-year. Globe’s balance sheet remained healthy and gearing comfortably within bank covenants despite the increase in debt from ₱210.1 billion as of end-December 2021 to ₱248.4 billion this period.
Then why is their service so unreliable? Why constant sms casino spam ? Why no reminder on monthly plans ? Profit first customer service last
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Globe portfolio company Yondu partners with Cisco for world-class IT and networking solutions - BusinessMirrorGlobe’s IT solutions company, Yondu, is now a select partner of Cisco, a worldwide leader in IT and networking. The partnership enables Globe, through Yondu, to expand its product offerings for Managed Networks— a complete connectivity solution that consists of routing, switching, and wireless solutions and Software-Defined Wide Area Network (SD-WAN) services. “We are excited to offer world-class
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