Globe Telecom Reports 15% Rise in 2015 Revenues

Philippine telecommunications company Globe Telecom Inc announced that its full-year consolidated service revenue in 2015 reached Php113.7 billion (US$2.38 billion), 15 percent higher than the previous record level of Php99 billion in 2014.

In a disclosure to the Philippine Stock Exchange (PSE), Globe Telecom said its revenues peaked in the fourth quarter of last year, reaching a record high of Php30 billion, up 3 percent from the previous quarter and 15 percent higher in the same period in 2014.

“The sustained trajectory was driven by the solid growth in data consumption across all segments and the consolidation of the performance by Bayan Telecommunications Inc in the second half of 2015,” the company disclosed.

Globe Telecom’s Robust Subscriber Growth

The robust subscriber growth for both mobile and broadband, the increasing demand for mobile data and high-speed internet connectivity for consumer and corporate clients, as well as the sustained execution excellence for the various product launches during the year, have paved the way for Globe Telecom’s continued success, the company added.

Mobile revenues grew by 9 percent year-on-year, reaching P85.1 billion in 2015 from the P78.1 billion reported a year ago, driven by strong revenues across all mobile brands.

Globe Postpaid revenues posted a 7 percent growth from the same period of 2014 with its continued leadership in this segment as evidenced by the significant customer base expansion year-on-year boosted by the strong take up of the new myLifestyle Plans.

TM, the Company’s mass-market brand, likewise increased revenues by 14 percent year-on-year while Globe Prepaid revenues posted a solid growth of 8 percent.

Globe – Making History in 2015

At the end of December 2015, Globe’s mobile subscriber base further breached the 50-million milestone, reaching 52.9 million, up a robust 20 percent from the 44 million subscribers reported in 2014, driven by the record-level gross acquisitions during the year and lower churn rates in both prepaid brands

“We made history again in 2015 as Globe delivered a banner year, closing 2015 with record revenues, EBITDA and net income. We have proven year after year our strong commitment to create and deliver value for our customers and shareholders. Our latest achievements continue to motivate us to be more efficient, focused and ready to take on new challenges in the years ahead.” said Ernest L. Cu, President and CEO of Globe. – BusinessNewsAsia.com

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