Globe Telecom gained another recognition for coming out on top of Asiamoney’s Best Managed Companies poll for large-cap companies in the Philippines.
Companies were nominated on the basis of product/service innovation; rising market share; leadership in its industry; financial performance, consistency of performance; executive leadership and corporate governance. The poll covers the markets of Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Vietnam and the Philippines.
“This recognition affirms the company’s excellent execution of its strategy of providing customers not only with the most innovative products and services but also the best possible experience in terms of network speed and reliability,” said Globe Senior Vice President for Corporate Communications Yoly Crisanto said.
Last year, Globe was conferred the Frost & Sullivan Philippines Telecom Service Provider of the Year Award and Mobile Service Provider of the Year Award for having demonstrated exemplary growth and performance in 2015. Both awards were evaluated based on the number of subscribers, subscriber growth, revenue growth, EBITDA margin and net margin.
The company was also named by Frost & Sullivan Asia Pacific as Telecom Service Provider of the Year award for 2016, also in recognition of the company’s impressive business performance in the previous year. Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.
Globe delivered a record performance in 2015, surpassing the company’s previous year’s record performance, posting new highs in service revenues, EBITDA, and earnings. Even in the face of intense industry competition, the company registered broad-based data-driven growth across its key services. Globe solidified its leadership in the digital space by focusing on improving customer experience and by riding with the shift toward greater data consumption across all segments.
In 2016, Globe sustained the top line growth momentum as consolidated service revenues reached a fresh record of P120 billion, up 6% from the P113.7 billion recorded in 2015. The company’s effective efforts in providing market-relevant data offers, the best of breed solutions to cater to the evolving needs of its customers, backed by the significant improvements in its wireless and wired data networks, have paved the way for its continued success.
Globe also spent P36.7 billion in capital expenditures in 2016 to support the growing subscriber base and its aggressive data network expansion. Of the total capex, 65% was spent for data-related initiatives. This also include spends on the deployment for LTE on 700 MHz. (Posted by Alicia Angelica L. Villanueva)