Globe Telecom Inc. saw its profits surging by almost half in January to September, thanks to the gains it realized from the sale of its data center and tower businesses Know more:
Globe Telecom Inc. saw its profits surging by almost half in January to September, thanks to the gains it realized from the sale of its data center and tower businesses.
“We are pleased with the Globe Group’s performance amid the challenging economic climate and rapid changes in our industry. We believe that our decision to pivot and expand our growth opportunities through non-telco services has paved the way for us to remain relevant and competitive,” Globe President Ernest L. Cu said.
Its home broadband business, meanwhile, slipped further to P20.5 billion from P22.4 billion, despite the continued migration of copper customers into fiber.
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