GLOBE TELECOM, Inc. said Tuesday the prices per gigabyte (GB) of its broadband services have gone down by more than 60% since 2016.
“Globe At Home wired customers… now have unlimited data access compared to paying up to P13 per GB in 2016,” Globe said in an e-mailed statement.
The listed telecommunications services provider said the price per GB of its postpaid LTE service has gone down to P9 per GB over the last two years.
It also noted that its prepaid WiFi customers now pay only P9 per GB from P23 in 2017, P15 in 2018, and P10 last year.
The company said the price per GB it offers to its prepaid customers is among the “lowest” in the ASEAN region.
“Globe’s P11.25 per GB with its new Go prepaid promo is more affordable compared to Thailand (P190.59), Singapore (P35.60), and Indonesia (P32.76),” Globe said.
To recall, the Philippines ranked 66th out of 85 countries in the 2020 Digital Quality of Life report released last month.
In terms of Internet affordability and internet quality, the Philippines ranked 79th and 84th, respectively.
In July, President Rodrigo R. Duterte threatened to shut down the existing telecommunications giants if they fail to improve their services by December.
Globe said recently it had invested a total of P20.9 billion in its network rollout in the first half of the year, “10% higher than last year and representing 29% of its gross service revenues and 54% of EBITDA” or earnings before interest, taxes, depreciation, and amortization.
It said the bulk of the capex went to data-related requirements.
The telco’s home broadband revenue surged by 16% to P6.73 billion in the second quarter from the previous quarter’s P5.78 billion, while the corporate data revenue dropped by 9% to P2.95 billion from P3.25 billion. — Arjay L. Balinbin