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Globe’s Non-Telco Revenues Jump 101% #GlobeTelecom

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As Globe continues its drive towards going beyond telco, non-telco revenues jumped to ₱2.8 billion in the first nine months of 2022, up 101% from the same period last year.

This outstanding performance was once again due to substantial revenue contributions from multi-payment platform Electronic Commerce Payments Inc. (ECPay), Yondu, and Asticom.

ECPay has reported significant growth in digital merchant partners as many Filipinos shifted to digital channels. As of November, the company has grown its general trade retail base to 398,358.

Globe acquired a 77% equity interest in ECPay in October 2019, adding value to its distribution channels. The move enabled the company to provide small business owners with a platform to offer more products and services that help stimulate growth in the e-commerce industry and the digital economy.

Through top-notch IT solutions company Yondu, Globe provides Philippine businesses with cloud services and software development, among other innovative technology solutions.

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On the other hand, shared services company Asticom has grown extensively over the years, with 5,000 employees serving more than 200 clients in the telecom, financial technology, IT, retail, health, logistics, automotive, banking, education, real estate, and e-commerce industries. It now operates as the Asticom Group of Companies.

“We are glad to see our non-telco revenues continuing their rapid growth momentum. We believe that our decision to pivot and expand our growth opportunities through non-telco services have paved the way for us to remain relevant and competitive. Being at the forefront of digital innovations, Globe is bringing the company closer to its vision of uplifting the lives of Filipinos,” said Ernest Cu, Globe Group President and CEO.

From its core telco business, Globe has diversified its offerings to include financial technology, healthcare, edutech, entertainment, adtech, e-commerce, manpower, information technology services and investments.

Its corporate incubator 917Ventures has a number of portfolio companies led by fintech platform Mynt, which operates GCash, the undisputed leader among finance apps. The popular e-wallet service has 71 million registered users, with 5.5 million merchants and social sellers, and around 582 GLife merchant partners.

917Ventures also operates telehealth service platforms KonsultaMD and HealthNow. KonsultaMD is exhibiting strong growth with more than 2 million users across over 50,000 retail outlets nationwide. HealthNow and its subsidiary AIDE has 1 million customers served by over 1,000 healthcare providers across more than 45 specialties.

Other 917Ventures portfolio companies are, likewise, performing well. AdSpark, the award-winning and largest locally ad-based data-powered digital media and creative agency, has already launched more than 3,100 digital campaigns.

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Rappit, previously known as PureGo, has been quickly expanding its reach and has over 10,000 products available in 18 stores in the National Capital Region and Greater Metro Manila areas, serving 38 cities.

m360, the largest app-to-person (A2P) multi-channel messaging platform, generates over 1.1 billion average monthly traffic with access to over 150 million mobile SMS users and over 45 million over-the-top media service users in the Philippines. Recently, it expanded its reach to 227 global destinations through its 700 partner mobile network operators.

Now powering more than 500 brands nationwide, eCommerce and loyalty company RUSH has made it to the Top 10 E-commerce Solutions Companies for 2022 of APAC CIO Outlook, the only Philippine firm on the index. It also made the global shortlist for the overall SaaS awards by APPEALIE.

Meanwhile, Globe’s corporate venture capital arm, Kickstart Ventures, is one of the most active venture capital firms in the Philippines. It manages two funds for Globe and advises the $180-million Ayala Corporation Technology Innovation Venture (ACTIVE) Fund, the largest fund to come out of the Philippines. Out of these three funds, Kickstart now has 59 investments in eight countries, backing 124 founders.

To learn more about Globe, visit www.globe.com.ph.

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Globe

Globe earns recognition as Climate Leader in Asia-Pacific for second year in a row

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For two consecutive years, leading digital solutions platform Globe has been recognized as one of Asia Pacific’s Climate Leaders. The list developed by the Financial Times and Global Market Research Firm, Statista honors companies that are making significant strides in reducing their greenhouse gas (GHG) emissions.

 

Globe is the only Philippine telco company included in this year’s line up. The company sees this recognition as a testament to its commitment to climate action, backed by its energy-efficient technologies and sustainable network operations.

 

“Being recognized by the Financial Times as a Climate Leader for the second time reaffirms our commitment to make a positive impact to the environment.  This inspires us to continue on our path to net zero. We believe that collaboration between us and our stakeholders is key in our roadmap towards a more sustainable, low-carbon future,” said Yoly Crisanto, Globe Group’s Chief Sustainability and Corporate Communications Officer.

 

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Globe’s inclusion in the list was a result of the rigorous process conducted by the Financial Times and Statista, where they examined the carbon footprint of thousands of companies in the region.

 

The assessment considered factors such as revenues, independent emissions data reporting, adherence to Scope 1 and Scope 2 emissions reporting, and CDP (formerly Carbon Disclosure Project) ratings among others.  Globe stood out for its substantial reductions in its core emissions intensity between 2016 and 2021, demonstrating not only its financial growth but its dedication to climate action.

A core part of Globe’s success comes from the implementation of numerous climate action initiatives over the years, from deploying green network solutions, piloting off-grid network technologies in remote and disaster-prone areas, adopting eco-friendly batteries, adopting green, low-carbon optical networks technologies, and shifting to renewable energy consumption in its key sites.

 

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In line with these, Globe has also ventured into engaging its supply chain, establishing sustainability criteria in its procurement and vendor assessment processes, and rallying business partners to support and follow sustainable practices.  The move propelled a collective, company-wide journey towards greener operations, in line with its commitment to achieving net zero GHG emissions by 2050.

 

Coming from the company’s commitment to set science-based targets through the Science Based Targets Initiative (SBTi) in 2021, Globe is set to submit targets to SBTi for validation and approval this year. Ahead of its submission, Globe achieved a 4.42% reduction in its total Scope 1 and 2 emissions driven by the company’s energy management programs and continued shift to renewable energy sources for its high energy sites. This exceeded its interim voluntary reduction target of 4.2% Linear Annual Reduction Rate (LARR) set in 2022, aligned with the SBTi reduction rate for the 1.5˚C global warming scenario.

 

To learn more about Globe’s sustainability commitments and strategies, visit Globe’s Sustainability page. For the latest Globe Integrated Report, click this link.

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Globe leads 5G speeds in key Mindanao cities

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Globe dominated major areas in Mindanao in terms of 5G speeds for the first quarter of the year, as it remains firm in its commitment to providing faster and more reliable connectivity to Filipinos nationwide.

Based on Ookla® Speedtest Intelligence® Q1 2023 data, Globe topped the 5G mobile segment in Cagayan de Oro with a median download speed of 159.298 Mbps, Misamis Oriental with 157.795 Mbps, and Zamboanga with 99.916 Mbps. Globe’s 5G outdoor coverage has reached 90.2 percent in key cities of Mindanao.

This latest wireless internet connectivity offers huge advantages over 4G. With speeds up to 100 times faster, higher bandwidth, and a more stable internet connection, 5G can revolutionize the way people live, work, and play, and help bridge the digital divide.

Globe 5G speeds Mindanao

As a 5G pioneer in the Philippines, Globe helps drive the adoption of 5G technology in the country and paves the way for the next generation of digital innovation. This is in line with its commitment to driving economic growth and development through innovation and infrastructure under the United Nations Sustainable Development Goals.

“The importance of 5G connectivity cannot be overstated. It can unlock countless opportunities for growth and development, not just for businesses but also for individuals and communities. 5G can bring new education and health services to remote areas, create new job opportunities, and spur economic development in the region. This is why Globe is committed to bringing 5G connectivity all over the Philippines so Filipinos anywhere can have access to the same opportunities and services,” said Globe Chief Transformation and Customer Experience Officer Rebecca Eclipse.

In the first quarter of 2023, Globe deployed 66 new 5G sites in 74 cities and towns across the country, expanding its 5G outdoor coverage to 97.21% of the National Capital Region and 90.28% of key cities in Visayas and Mindanao. Globe also logged 4.3 million devices in its 5G network as of March 2023.

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To learn more about Globe, visit www.globe.com.ph.

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Globe donates 100 Home Prepaid WiFi units to DepEd

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Reliable and high-speed connectivity has become an essential component of effective education in today’s digital age as students and teachers need access to the internet to engage in various online learning activities and resources.

But many schools in underserved areas still struggle with connectivity issues. To address this challenge, Globe is supporting the Department of Education’s (DepEd) MATATAG Agenda, which aims to improve the delivery of basic education facilities and services in far-flung places in the country.

The company recently donated 100 Home Prepaid WiFi units to DepEd, which have been distributed to various schools in the Cordillera Administrative Region (CAR) and Region 1. Globe Home Prepaid WIFi offers budget-friendly yet fast and reliable internet access.

By bringing technology and the internet closer to teachers and students, Globe is helping facilitate better and more efficient learning. High-speed internet connectivity allows teachers and students to access digital textbooks and multimedia learning resources, as well as engage in collaborative online activities.

 Globe donates 100 Home Prepaid WiFi units to DepEd

This provides students with a more comprehensive and meaningful education and supports the development of critical digital literacy skills that are necessary for success in the 21st century.

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“Globe hopes to contribute to the achievement of the MATATAG Agenda and make a positive impact on the lives of students and teachers in CAR and Region 1. Globe is committed to continuing its efforts to improve internet connectivity in schools across the Philippines and provide quality education for all,” said Globe Group Chief Sustainability and Corporate Communications Officer Yoly Crisanto.

The MATATAG Agenda has four critical components, including making the curriculum relevant to produce competent and job-ready citizens, accelerating the delivery of basic education facilities and services, giving support to teachers to teach better, and strengthening partnerships and collaborations of the education sector with other sectors.

This is aligned with Globe’s commitment to the United Nations Sustainable Development Goals, including SDG No. 4 which advocates for equitable access to quality education and tools for digital upskilling.

Globe’s involvement in the DepEd program shows its dedication to ensuring that every student has an equal chance to succeed, regardless of socioeconomic status or geographical location. Through its efforts to enhance internet connectivity in schools, Globe helps create more opportunities for students to access quality education and develop critical digital literacy skills.

To learn more about Globe, visit https://www.globe.com.ph/.

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