Globe network upgrades done by 2021

GLOBE TELECOM, Inc. is expecting to complete its network upgrades by next year to offer a “dependable” telecommunications service to customers, as they continue to adopt digital solutions for their everyday needs, its top official said.

“As we target the completion of our network upgrades by 2021, expect a first-world network primed to serve Filipinos today and in the future,” Globe President Ernest L. Cu said at the virtual “Wonderful World of Globe” event on Tuesday.

He added that “a reliable and dependable” network is seen to encourage Filipinos to adopt digital solutions “with increasing trust and confidence to use technology in making their lives easier and more fulfilled.”

Mr. Cu also introduced the telco’s new offering, Surf4All, which allows prepaid, postpaid, Globe-at-Home, and TM customers to control how they want to use their data.

“With 20GB for all sites valid for seven days and for only P249, Surf4All provides a single data wallet that is seamlessly accessible and shareable with up to four users across Globe brands,” he said.

The Ayala-led telco recently reported a 22% drop in its attributable net income for the third quarter to P4.39 billion.

The company’s service revenues declined 3% to P36.68 billion, driven by the sustained drop in traditional voice and mobile SMS, but partly mitigated by the increase in the mobile data segment.

Globe is hoping that its fourth-quarter performance will be better than the third quarter as the economy gradually reopens, according to Mr. Cu.

Globe shares on Tuesday closed 1.13% higher at P1,970 apiece. — Arjay L. Balinbin