Globe Telecom’s broadband base breaks 1m barrier

1 Nov 2010

As at 30 September 2010, Filipino operator Globe Telecom had 1,006,460 broadband subscribers on its books, up 95% on the 517,355 reported a year earlier. Moreover, the Manila Bulletin notes that the published figure excludes those people signed up to the telco’s mobile broadband internet offers. Globe President and CEO, Ernest Cu, said his firm was ‘seeing robust growth in subscriber take up for … DSL, Broadband Tattoo and WiMAX offers, especially in the provinces.’ The operator’s high speed internet user base has expanded at a compound annual growth rate of 123% since 2006. In July this year it announced another milestone when its WiMAX user base broke the 100,000 barrier, making it one of the largest operators in the region in terms of this particular wireless technology. As of October 2010 its WiMAX networks covered nearly 60 provinces and 365 cities, including Metro Manila, Caloocan, Cainta, Antipolo, Taytay, Plaridel, Cabanatuan, Dasmariñas, Bacoor, Imus, Tanza, Calamba, Batangas City, Cebu City, Cagayan De Oro, and Zamboanga. In 2010 Globe has invested USD500 million in its networks and services, of which USD120 million was set aside for broadband networks in the first six months of the year.

Philippines, Globe Telecom (incl. Innove)