Globe’s Asticom launches business process solutions subsidiary

GLOBE TELECOM, Inc.’s shared services unit Asticom Technology, Inc. is launching its first subsidiary, Asti Business Services, Inc. (ABSI), to provide enterprises with end-to-end solutions for human resources, administrative, finance, and information technology functions, the Ayala-led telco announced on Wednesday.

In an e-mailed statement, Globe said ABSI aims to provide enterprise services to telecommunications, financial technology, information technology, retail, health, logistics, automotive, banking, education, real estate, and aviation companies.

Mharicar Castillo-Reyes, Asticom president and chief executive officer, is hoping that ABSI “will be able to create purposeful growth for the local and international markets.”

“ABSI offers digital platform solutions to help leading enterprises in their digital transformation journey, such as customer experience and employee engagement,” Globe said.

The new Asticom subsidiary will also focus on process optimization for front and back-end office functions in addition to IT-enabled services, such as web and mobile application development.

According to its website, Asticom offers payroll, staffing, and managed services.

Its clients include AF Payments, Inc. Ayala Foundation, Eastern Communications., GCash, Globe, and Samsung.

Globe saw its attributable net income for the first nine months of 2020 decline 10.15% to P15.89 billion from the previous year’s P17.68 billion.

Globe Telecom shares on Wednesday closed 1.29% higher at P2,046 apiece. — Arjay L. Balinbin