Globe Telecom, Inc. is a major provider of telecommunications services
in the Philippines, supported by over 6,200 employees and about 1.05 million
retailers, distributors, suppliers, and business partners nationwide. The company
operates one of the largest mobile, fixed line, and broadband networks in the
country, providing communications services to individual customers, small and
medium-sized businesses, and corporate and enterprise clients. Globe currently
has about 48.4 million mobile subscribers, about 3.5 million broadband
customers, and 859 thousand landline subscribers. The company’s principal shareholders are Ayala Corporation and
Singapore Telecom. It is listed on the Philippine Stock Exchange under the
ticker symbol GLO.
The company recently signed $750 million worth of deals with Nokia and
two technology companies based in China during the president of the Philippines state visit in China. The company said the
agreements would accelerate its use of new Long-Term Evolution (LTE)
technologies across the country for over a period of 5 years, improving its
broadband services.
The deals were with Huawei Technologies, Nokia and Wuhan Fiberhome
International Technologies, it said. Globe has nurtured long ties with Huawei,
signing in November (2015) a partnership for its 3G and 4G network. The deal
with Huawei covers deployment of LTE spectrum in Luzon.
Globe said that the project would provide wider LTE coverage and better
indoor penetration, through an estimated 4,600 sites in the country. This would
increase data and fixed-wireless broadband capacity to provide
telecommunications services in order to provide access to areas of the country
that currently have no access to broadband.
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