All you need to know about Globe.
ABOUT GLOBE TELECOMGlobe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks.
As of March 2022, Globe's total mobile subscriber base reached 87.4 million. It is also the country's largest telecommunications company in terms of market capitalization.
Globe Telecom's principal shareholders are Ayala Corporation and Singtel. It is listed on the Philippine Stock Exchange under the ticker symbol GLO and had a market capitalization of ₱363 billion as of the end of August 2021.
Globe offers commercial wireless services through its 2G, 3G, 3.5G HSPA+, 4G LTE, and LTE-A networks, with 5G currently being deployed in key areas in the Philippines. Its 5G coverage is available in over 2,000 locations all over the country and about 96% of the National Capital Region.
In 2016, Globe introduced its Globe Lifestyle brand as a way to connect to its customers through fashion. It also launched two entertainment divisions: Anima (formerly Globe Studios), which focuses on film and television production, and Globe Live, which focuses on live concerts and musical events.
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- Formerly: Globe Wireless Limited (1935–1965), Globe-Mackay (1965–1991), GMCR, Inc. (1991–1998)
- Type: Public
- Traded as: PSE: GLO
- Industry: Telecommunications, Remittance, Mass media
- Predecessors: Mackay Radio & Telegraph Company, Philippine Press Wireless, Clavecilla Radio Corporation
- Founded: Manila, Philippine, 1935
- Headquarters: Bonifacio Global City, Taguig, Metro Manila, Philippines
- Area served: Philippines
- Products: Mobile Telephony, Fixed-line Telephony, Broadband Services
- Number of employees: 8,339 (2020)
- Divisions: Globe Lifestyle, Globe Live, Globe Studios
- Subsidiaries: BayanTel, Innove Communications, Kickstart, Yondu, 917Ventures, GTI, Asticom, Bethlehem Holdings, Kroma Entertainment
- Website: www.globe.com.ph
Important Events for Globe Telecom
On December 8, 1928, Congress passed Act No. 3495 granting the Robert Dollar Company (a corporation organized and existing under the laws of the State of California), a franchise to operate wireless long-distance message services in the Philippines.
Subsequently, Congress passed Act No. 4150 on November 28, 1934, to transfer the franchise and privileges of the Robert Dollar Company to Globe Wireless Limited, which was incorporated in the Philippines on January 15, 1935.
In 1965, Globe Wireless Limited was merged with Mackay Radio & Telegraph Company and Philippine Press Wireless to form Globe-Mackay Cable and Radio Corporation ("Globe-Mackay"), with the transfer of Mackay's franchise to Globe Wireless Limited approved by the Congress through Republic Act No. 4491 enacted on June 19, 1965. By Republic Act No. 4630 enacted in the same date by the Congress, its franchise was further expanded to allow Globe-Mackay to operate international communications systems. Globe-Mackay was granted a new franchise on December 24, 1980, by Batasang Pambansa, under Batas Pambansa Blg. 95, extending it for 50 years.
In 1974, Ayala Corporation began its investing in Globe-Mackay. Globe-Mackay offered its shares to the public on August 11, 1975, becoming the first telecommunications company in the country to do so.
In 1991, Globe-Mackay merged with Clavecilla Radio Corporation, a domestic telecommunications pioneer, to form GMCR, Inc. The merger gave GMCR the capability to provide all forms of telecommunications to address the international and domestic requirements of its customers. The merger was also approved by the Congress through Republic Act No. 7229 enacted on March 19, 1992, which amended its franchise.
On August 20, 1998, GMCR was renamed as Globe Telecom, Inc.
In 1993, Globe partnered with Singapore Telecom, Inc. (STI), a wholly owned subsidiary of Singapore Telecommunications Limited ("Singtel"), after Ayala and STI signed a memorandum of understanding.
In 2001, Globe merged with Isla Communications Company, Inc. ("Islacom"), a joint venture with Deutsche Telekom as foreign partner. It became its wholly owned subsidiary effective on June 27, 2001. Deutsche Telekom eventually sold its share to Singapore Telecom. In 2003, the National Telecommunications Commission ("NTC") granted Globe Telecom's application to transfer its fixed line business assets and subscribers to Islacom, pursuant to its strategy to integrate all of its fixed line services under Islacom. Subsequently, Islacom was renamed as Innove Communications, Inc.
In 2004, Globe invested in G-Xchange, Inc. ("GXI"), a wholly owned subsidiary, to handle the mobile payment and remittance service marketed under the GCash brand using Globe Telecom's network as transport channel. GXI started commercial operations on October 16, 2004. In late 2019, the GCash brand was refreshed by global branding and design agency Serious Studio. That brand refresh was suggested by Ant Financial, Globe's venture partner in GCash (by way of Mynt, GXI's successor company).
On June 3, 2014, Globe signed an agreement with Azalea Technology, Inc. and SCS Computer Systems, acquiring the entire ownership stake in Asticom. Asticom, a systems integrator and information technology services provider to domestic and international markets, is 49% owned by Azalea, a 100%-owned subsidiary of Ayala Corporation and 51% owned by SCS Computer Systems, a subsidiary of Singapore Telecom.
On June 30, 2015, Globe incorporated Global Capital Venture Holdings, Inc., a wholly owned subsidiary organized under the laws of the Philippines and formed for the purpose of venturing into strategic non-core business.
On August 27, 2015, Globe Telecom, Inc. (Globe), Ayala Corporation (AC), and Bank of the Philippine Islands (BPI) signed an agreement to turn over full ownership of BPI Globe BanKO (BanKO) to BPI, one of the majority owners of the joint venture.
In Q3 2016, Globe Telecom dislodged Smart Communications as the largest telecommunications company it terms of subscriber base with 65.8 million subscribers, 200,000 more than its rival.
In 2017, Globe Telecom's CEO, Ernest Cu was named the CEO of the year by the World Communication Awards 2017.
In 2018, Globe Telecom was selected as the best workplace in Asia. and the Internet was proposed to be extended in Europe.
On October 1, 2020, Globe Telecom launched "GOMO", the country's first fully digital telco.
Ownership of Globe Telecom
Updated Shareholding Structure of Globe Telecom as of 30 September 2021:
- Asiacom Philippines, Inc. (50.81%)
- Singtel (20.08%)
- Public Stock (15.65%)
- Ayala Corporation (13.19%)
- Directors, Officers, ESOP (0.26%)
Globe Telecom Subsidiaries
- 917Ventures – 100% ownership
- AdSpark Inc.
- Global Telehealth, Inc. (KonsultaMD)
- Inquiro – 49% ownership
- Mynt (formerly Globe Fintech Innovations, Inc.) – 45% ownership; co-owned with Ayala Group and Ant Financial
- Fuse Lending – mobile financial solutions provider, marketed under the GCredit brand
- G-Xchange (GXI) – mobile payment and remittance service, marketed under the GCash brand (now GCash by Alipay)
- PureGo (in partnership with Puregold) – 50% ownership. Rebranded as Rappit in 2022.
- Rush – 49% ownership
- Asticom Technology, Inc. – 100% ownership
- Bayan Telecommunications, Inc. (BayanTel) – 98.57% ownership
- Flipside Publishing Services, Inc. (FPSI) – 40% ownership
- GTI Business Holdings (GTI) – 100% ownership
- Innove Communications, Inc. (Innove) – 100% ownership
- Kickstart Ventures, Inc. (Kickstart) – 100% ownership
- Yondu (formerly Entertainment Gateway Group Corp.) – 100% ownership
ATTRACTIONS TO SEE IN MANILA
Globe Telecom Joint Ventures
- ABS-CBN Convergence – 32% ownership
- Bridge Mobile – 10% ownership
- Cherry Mobile Prepaid
- Vega Telecom – 50% ownership
ACTIVITIES AND TOURS IN MANILA
Headquarters: Bonifacio Global City, Taguig, Metro Manila, Philippines
Facebook Page: Globe Telecom
How to Contact Globe Telecom
Here are different ways to reach Globe Telecom's help and support:
GLOBE DIGITAL ASSISTANT
To report issues, dial 211 using your Globe mobile, 808 using TM, or 027730-1000 using landline for FREE.
Globe Telecom News & Updates
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