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Globe Plunks P433B For Network Infra In H1
- By The Financial District
- Aug 6, 2021
- 2 min read
Globe invested a record level of capital expenditure of ₱43.3 billion in the first half of 2021 to improve its network infrastructure and internet connectivity, beating last year’s spending by 107%.
Photo Insert: A Globe store in a local mall
This CapEx investment represents 57% of gross service revenues and 116% of EBITDA. Majority or about 88% of the CapEx spending went to data network builds to address and elevate customer experience in this challenging time.
Globe’s aggressive network expansion and network modernization from 3G to 4G LTE/5G as well as fiber technology available to more customers nationwide, is part of its strategy to make high-speed connectivity accessible for all and usher the Philippines closer to being a digital nation.
Globe is fully committed to supporting 10 of the United Nations Sustainable Development Goals, such as UNSDG No. 9 on building resilient infrastructure, promoting sustainable industrialization, and fostering innovation.
As of the first half of the year, Globe made significant strides in its network expansion with 641 new cell sites, and 8,175 site upgrades which include both 4G LTE and 5G.
On the fixed-line front, Globe already surpassed the 600,000 FTTH lines delivered in 2020, connecting more households all over the country to fiber. Globe has also been aggressively migrating its customers to 4G LTE or 5G technology with SIM and device offers nationwide.
As a testament to Globe’s improved services to its customers, Ookla®’s recent SpeedtestⓇ data showed that Globe remained the leader in nationwide mobile consistency for two consecutive quarters.
Globe’s consolidated service revenues as of the first six months of 2021 closed at ₱75.5 billion, up 4% from ₱72.4 billion reported a year ago amid the sustained economic challenges the country is facing.
The main growth driver continues to be data, mostly from @Home Broadband owing to the increase of digital activities among Filipinos. Total data revenues accounted for 79% of total service revenues from 76% last year.
