Globe records 2nd highest mobile business revenues

Globe Telecom Inc.’s mobile business hauled in ₱80.6 billion revenues as of end-September this year, its second highest on record, after its 2019 pre-pandemic figures.

The bulk of the revenues came mostly from the telco’s prepaid business, given the rapid rise of digital adoption among Filipinos.

Globe’s overall mobile customer base also expanded to 87.9 million, 5 percent higher than the same period last year.

Total mobile service revenues comprised 68 percent of Globe’s consolidated service revenues, up 3 percent year-on-year from the ₱78.4 billion reported in 2021 and mainly driven by the sustained increase in mobile data.

Mobile data accounted for 78 percent of total mobile service revenues versus 74 percent last year.

It grew by 8 percent to reach a record ₱62.5 billion in the first nine months of the year versus ₱57.9 billion in the same period in 2021.

Likewise, mobile data traffic jumped to 3,365 petabytes, surpassing the 2,730 petabytes reported in the preceding year.

“As the economy opens up and people become more mobile again, we expect this uphill trend to continue,” according to Darius Delgado, Head of Globe’s Consumer Mobile Business.

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Credit belongs to : www.mb.com.ph

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