According to online news journal Telecom Lead, the Philippines’ second-biggest communications services provider Globe Telecom has announced the launch of its new data centre at Cavite in the Philippines. Initially equipped with a total of 84 racks, the facility is built to accommodate 500 racks to meet future demand, although Globe did not provide specifics on its investment plans or timeframe for future expansion. The new data centre is understood to be fully-compliant with the Telecommunications Industry Association (TIA) 942 Tier III standards, with Globe noting it is capable of supporting emerging and future technologies for the next decade. Commenting on the launch, Globe Telecom CIO Henry Aguda said: ‘Our customers will appreciate the potential for them to scale up without impacting their existing operations and manage their operating costs while meeting their dynamic business demands.’
As reported by TeleGeography’s CommsUpdate, Globe Telecom reported a 25% year-on-year increase in core net income to a record PHP14.50 billion (USD329.4 million) in FY 2014, fuelled by continued growth at its mobile, broadband and fixed line data businesses. In what the operator’s president and chief executive officer Ernest Cu described as a ‘banner year’ for Globe, the carrier booked its ‘best-ever consolidated service revenues, EBITDA, net income and core net income, despite intensifying competition’. Globe recorded service revenue of PHP99.0 billion in full year 2014, a 9% increase from PHP90.50 billion in 2013, with service revenue hitting a new quarterly ‘high’ of PHP26.3 billion in Q4 2014 on the back of sustained popularity of its mobile internet, broadband and other fixed line data products. Net profit, meanwhile, soared 170% to a record PHP13.37 billion, from PHP4.96 billion in FY 2013 – despite a 23% quarter-on-quarter decline in net income in 4Q14 to PHP2.84 billion.