GLOBE Telecom, Inc. on Thursday said its fifth-generation (5G) roaming service is now available in the Netherlands, Bahrain, and New Zealand.
Globe is looking to partner with more telcos in Europe, the Middle East, and Asia Pacific, the listed company said in an e-mailed statement.
“As more smart cities emerge worldwide, we want our customers to experience new ways to connect and engage as they travel,” it noted.
Globe has partnered with Zain in Bahrain, Vodafone in New Zealand, and KPN in the Netherlands.
The company said it spent P92.8 billion in capital expenditures last year to prepare its network for the post-pandemic era.
“Aside from building 1,407 new cell sites and installing over 1.4 million fiber-to-the-home lines, Globe also fired up over 2,000 5G outdoor sites and in-building solutions,” it noted.
Globe’s consolidated service revenues for 2021 grew by 4% to P151.5 billion from the P146.4 billion reported in 2020.
The company attributed its growth to the “sustained outstanding performance of home broadband as well as corporate data.”
Broken down, mobile revenue for the year slightly increased to P104.4 billion from P103.7 billion in 2020, while home broadband revenue grew by 10% to P29.4 billion from P26.8 billion previously.
Corporate data revenue increased by 12% to P14.2 billion in 2021 from P12.6 billion in 2020, while revenue from fixed-line voice fell by 13% to P2.3 billion from P2.6 billion a year earlier.
Globe Telecom shares closed 0.62% lower at P2,560 apiece on Thursday. — Arjay L. Balinbin
