PHILIPPINES – Globe Telecom, Inc. (PSE:GLO)’s stock declined by 0.84 percent in today’s trading session at the Philippine Stock Exchange to settle at Php2,350.00 apiece.

Globe Telecom’s stock shed Php20 from its previous close of Php2,370 and hit a lowest price of PHp2,322 in today’s trading.

A total of 84,150 Globe Telecom, Inc’s shares exchanged hands in today’s session, with a value of Php197.47 million. Globe’s market capitalization stands at Php314.60 billion.

Globe Telecom, Inc. (GLO) was originally incorporated on January 15, 1935 as Globe Wireless Limited with a franchise to operate wireless long distance message services in the Philippines. The Company eventually changed its name to the present one in 1992, and welcomed Singapore Telecom, Inc. as a new foreign partner the following year.

GLO is a telecommunications company in the Philippines. The Company provides digital mobile communication services nationwide using a fully digital network based on the Global System for Mobile Communication (GSM) technology. GLO provides voice, data and value-added services to its mobile subscribers through three major brands: “Globe Postpaid”, “Globe Prepaid” and “TM”.

The Company also provides its subscribers with mobile payment and remittance services under the “GCash” brand. GLO also provides fixed line communication services, wired and wireless broadband access, and end-to-end connectivity solutions customized for consumers, small & medium enterprises, large corporations and businesses. –