Globe posts net income of 13 billion pesos


MANILA – Globe Telecommunication’s net income reached 13 billion pesos for the first 6 months of 2021, up 13% from the same period last year, he said on Friday.

Consolidated revenues from services reached 75.5 billion pesos for the first 6 months of the year, up 4% from the same period last year.

“As the health crisis has changed the Filipino way of life in the areas of work, education, entertainment, games, health, socialization and shopping habits, the time spent on mobile applications has grown even further, ”Globe Telecom said.

Data, home broadband and increased digital activity during the COVID-19 pandemic are among the growth drivers for the period, the phone company said.

Mobile data revenues reached 38.6 billion pesos for the first half of the year, while domestic broadband revenues hit an “all-time high” of 14.5 billion pesos, he said.

“We are delighted to report strong financial operating results for the first half of 2021 with a healthy balance sheet and cash flow despite the re-imposition of stricter lockdowns during the second quarter,” said the president and chief executive officer. direction of Globe, Ernest Cu.

Globe said the total number of mobile subscribers reached 81.7 million while its broadband subscribers totaled 4.2 million.

It also spent a total of 43.3 billion pesos on capital spending in June, Globe said.

Globe, along with Smart Communications from PLDT and DITO Telecommunity will implement mobile number portability in September, which will allow consumers to switch providers without changing numbers.


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