Globe’s 9M12 revenue up 6% on strong mobile, broadband and fixed data growth

13 Nov 2012

Globe Telecom of the Philippines has reported consolidated service revenues of PHP61.3 billion (USD1.5 billion) for the nine months to 30 September 2012, up 6% from last year’s PHP57.7 billion. The group said that sustained top-line growth was underpinned by strong performances from its mobile, broadband, and fixed line data businesses which grew 6%, 14%, and 9% year-on-year, respectively. Globe added that mobile revenues outperformed 9M11 levels, to end the nine months of the current financial year at PHP49.9 billion, driven by the success of its ‘revolutionising customisable post-paid plans’, which are supporting rising demand for mobile browsing and voice services. GlobeTelecom had a total of 32.1 million mobile subscribers at 30 September 2012, up 10% y-o-y from 29.1 million in the same period a year ago. On the other hand, Globe Telecom saw its profit decline by 15% to PHP6.8 billion, with the increase in operating expenses, subsidy and the impact of the accelerated depreciation from its network modernisation programme. Core net income went up 7% to PHP8.8 billion.

Philippines, Globe Telecom (incl. Innove)