With big risk comes big rewards and Globe Telecom is not a company known for being shy in taking risks in the market.. Seeing that the normal telecom revenue sources were shrinking, Globe decided to diversify their offerings with keeping in mind the current and future need of its customers.. and with that, Globe has been able to consistently post growth quarter by quarter in the past few years.. For the 1st quarter of 2017.Globe Telecom posted a record-level consolidated service revenues of P31.1 billion, 4% higher than same period last year’s P30.0 billion, and P62 million higher than prior quarter’s all-time high revenues.
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The growth in income has been sustained and fueled by expanded subscribers in both the mobile and broadband segment as consumer behavior in consumption of data thru content from the internet increase.
“We are seeing encouraging improvements this quarter, despite the temporary setback on profits as we continue to lay down the foundation to secure sustainable growth in the future. Our continued aggressive network modernization and upgrades using the latest technologies are all geared towards enhancing our internet services, so that our customers can have a wonderful and seamless connectivity,” Globe President & CEO Ernest Cu said.
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The biggest product contributor to the continued growth in income of Globe Telecom is the mobile data segment reaching 42% in the 1st quarter.. Mobile traffic growth is 84%.. from 71 petabytes to 131 petabytes in 2017. Growth in this segment is also supported by the additional 445 LTE sites that Globe has been able to set up in 2017.
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For a complete briefing.. visit the website of Globe
