Saturday, March 25, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Globe’s mobile data revenues soar 62%

Darwin G. AmojelarbyDarwin G. Amojelar
May 22, 2016, 11:20 pm
in Business
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Globe Telecom said mobile data revenues soared 62 percent in the first quarter, amid continuing demand for data services and popularity of data-driven products and applications.

The Ayala-led telco said mobile data revenues hit P9.1 billion in the January-March period, up from P5.6 billion reported in the same period last year.

The company said total data revenues, when lumped with home broadband  and corporate data revenues of P3.5 billion and P2.3 billion, now represented 50 percent of total service revenues, up from 36 percent last year.

Globe said mobile data revenues also accounted for 40 percent of total mobile service revenues in the first quarter, up from its 26-percent contribution in the first quarter of 2015.  

Globe president and chief executive Ernest Cu said mobile data growth drew support from market-relevant data offers, availability of low-priced data capable devices and a strong and reliable data network.  

ADVERTISEMENT

“We believe that the Globe brand is extremely strong in its positioning as the smartphone network of choice and the data growth is reflective of that.  As the strategy is to continue to be aggressive in the market, we continue to make investments to enhance our wireless network so we have more capacity on the ground. We expect to see mobile data business to continue growing,” said Cu. 

A steady growth in the company’s mobile customers, reaching 57.3 million at the end of the first quarter from 48.4 million a year ago, also provided support for mobile data, Cu said.

The company’s mobile revenues totaled P23.1 billion in the first quarter, up 7 percent  from P21.6 billion a year earlier.

This supported consolidated revenues to reach P29.9 billion, or 14 percent higher than P26.2 billion a year earlier. Net profit rose 3 percent to P4.3 billion from P4.2 billion. 

Globe said following a successful network modernization program that saw mobile data exploding in the Philippines, it embarked on another nationwide infrastructure program to enhance the country’s Internet experience involving capacity expansion for mobile network using different technologies including 3G, LTE and even Wi-Fi.  

Mobile data explosion in the country, amid steady growth in smartphone penetration, requires more bandwidth than traditional voice and text messaging services.  

Tags: Globe Telecommobilemobile datarevenues
ADVERTISEMENT
Darwin G. Amojelar

Darwin G. Amojelar

Related Posts

More interest rate hikes likely this year

byJulito G. Rada
March 24, 2023, 8:00 pm
0
8
BSP readies big interest rate hike this month

The Bangko Sentral ng Pilipinas may raise the overnight borrowing rate to 6.5 percent or even higher this year if...

Read more

GT Capital’s income climbed 67% to P18.4b in 2022

byJenniffer B. Austria
March 24, 2023, 7:55 pm
0
8

GT Capital Holdings Inc. said Friday consolidated net income grew 67 percent in 2022 to P18.4 billion from P11 billion...

Read more

SM Prime expects to raise up to P35b from bond offering

byJenniffer B. Austria
March 24, 2023, 7:50 pm
0
8
SM Prime to open Grand Central mall in Caloocan Friday

Property developer SM Prime Holdings Inc. said Friday it is raising up to P35 billion from the issuance of fixed-rate...

Read more

Alsons Consolidated earns P1.88b on strong power sales in Mindanao

byAlena Mae S. Flores
March 24, 2023, 7:45 pm
0
8
Alsons posts 7% rise in earnings to P1.14b

Alsons Consolidated Resources Inc. of the Alcantara Group said Friday net income went up by 42 percent in 2022 to...

Read more

First Gen’s reported 5% increase in recurring income to P265m in 2022

byAlena Mae S. Flores
March 24, 2023, 7:40 pm
0
8
First Gen posted recurring income of P12.4b in 2021

First Gen Corp., the Lopez Group‘s clean and renewable energy provider, said Friday its recurring net income went up 5...

Read more

Basic launches electric vehicle charging station

byAlena Mae S. Flores
March 24, 2023, 7:35 pm
0
8
Basic Energy acquiring 60% of Filoil Energy

Basic Energy Corp. said Friday it launched an electric vehicle charging station at the EcoOil Station along EDSA Southbound. BEC...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • Group behind Negros slays
  • DOJ eyes divers to rate oil spill, PCG says too risky
  • Speaker: House for Con-con but open to discuss Senate Con-ass
  • PH tells China sea issues remain ‘serious concerns’ for Filipinos
  • Power supply fine, still note Earth Hour
  • At least P1 oil price rollback up next week
  • 112 pupils hospitalized in fire drills

Advertisement

Latest News

Power supply fine, still note Earth Hour

byJoel E. Zurbano
March 25, 2023, 1:10 am
0
8
LNG Terminal gets clearance from DOE

The government has asked local officials to join the Earth Hour celebration and encourage their constituents to switch off lights...

Read more

At least P1 oil price rollback up next week

byAlena Mae S. Flores
March 25, 2023, 1:00 am
0
8
Gasoline hike

The country's oil firms will likely cut pump prices by as much as P1.50 per liter effective Tuesday to reflect...

Read more

112 pupils hospitalized in fire drills

byManila Standard
March 25, 2023, 12:50 am
0
8
Vax wastage, infection surge feared in Odette-hit areas

An inquiry is being conducted into the surprise fire drill done in a school in Cabuyao City, Laguna that led...

Read more

President frets over Masbate Reds

byVince Lopez
March 25, 2023, 12:40 am
0
8
As Muslims mark Ramadan, PBBM calls for solidarity

President Ferdinand Marcos Jr. on Thursday said he is "deeply concerned" over the increasing activities of communist terrorist groups in...

Read more

PBBM confirms Catapang vice BuCor’s Bantag

byVince Lopez
March 25, 2023, 12:30 am
0
8
PBBM confirms Catapang vice BuCor’s Bantag

Gregorio Catapang Jr. was formally appointed Director-General of the Bureau of Corrections by President Ferdinand R. Marcos Jr. on March...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App