Globe broadband business performance soars to record high in 1Q 2021

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Subscriber base breaches 4 million

Globe’s home broadband business posted record revenues of P7.4 billion in the first quarter of the year, up 27 percent from a year earlier -- the highest so far in the telco’s history.

The continuing pandemic boosted demand for internet connections, with total home broadband subscribers now breaching the 4 million mark. That’s 81 percent higher from last year’s figure. This was mainly supported by the sustained fixed wireless broadband users’ expansion, now up by 105 percent from last year.

Also worth noting is the increased penetration in the prepaid market and the ramp up on high-speed postpaid wired acquisitions. As of end-March 2021, Home Prepaid WiFi data traffic rose to 211 petabytes from 58 petabytes last year.

Globe’s net income stood at P7.3 billion for the January to March period, up 11 percent year on year.

“In the first six months of 2020, the economy was largely free from the effects of COVID unlike in 2021. Yet we manage to have an improved year on year performance despite the semi-lockdown during this period. Looking ahead, we believe that Globe is well positioned to provide more digital solutions and innovative offers to make our services more relevant to our valued customers, especially during this time of crisis. Our 5G and fiber rollout as well as the continuous upgrading of our network will remain our utmost priority, as reliable connectivity is indispensable, both to overcome the pandemic and help fuel the recovery of the country’s economy,” said Ernest Cu, Globe President and CEO.

Globe’s aggressive builds and network expansion have made it possible for customers to elevate their call, SMS and data browsing experience.

According to Ookla®’s Q1 2021 data[1], the telco’s nationwide consistency score is now more than 70 percent.  Metro Manila registered the best score with more than 76 percent while high marks were also noted in Rizal, Bulacan, Cavite, Cebu City and Davao City.

Consistency Score measures what percentage of a provider's samples equals or exceeds both a download and upload threshold.

Globe likewise registered improved latency with an average of 33ms for the first quarter which is well below the 50ms winning standard set by gamers.[2]

Globe strongly supports the United Nations Sustainable Development Goals (UN SDGs) particularly UN SDG No. 9 that highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development.

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Source: Business Diary Philippines

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