GLOBE PUSHES DIGITAL LIFESTYLE

Globe Telecom today reported first half earnings of P11.5 billion, down by five percent from its year-ago level of P12 billion on account of the effects of the ECQ/MECQ lockdowns but optimism remains for the telco as it pushed for the expansion of its 5G coverage in key areas in the country.

The company, whose total data business accounted for three-fourths of its total revenues, has been much ahead of the game having been the first firm to introduce 5G technology last year, ramping it up with the offer of the first 5G capable smartphones early this year in the country.

The Ayala-led telco is expected to roll out by the third quarter of this year its 5G offering specifically in Makati and the Bonifacio Global City Business Districts with a reduced capital expenditure of P50.3 billion for the roll-out of its high-speed mobile technology.

Earlier, the company had earmarked a capex of P63 billion for the digital transformation but the delays in the roll-out prevented it from fully using up the amount.

For this year alone, Globe has invested a total of P20.9 billion for its push for the data-related requirements of its client base as it remained committed to supporting the emerging digital lifestyle to more Filipinos.