Telecommunications
Globe may borrow $300M for 2013 capex
MANILA, Philippines - Globe Telecom, Inc. may tap the debt market for a $200-300 million funding requirement for next year.
Globe profits drop 10% in first half
MANILA, Philippines - (CORRECTED) Globe Telecom, the country's second largest telecommunications company, reported a 10% drop in net income to P4.96 billion in the first half of the year from P5.49 billion a year ago.
Consumers complain about telco promos
Huwag magsawa at panindigan ang reklamo. Iyan ang apela ng National Telecommunications Commission sa mga konsyumer na kumbinsidong nabawasan ng iba't ibang pakulo ng telcos ang kanilang load sa cellphone. TV Patrol, Agosto 5, 2012, Linggo
Globe offers cheaper browsing plan
MANILA, Philippines - Globe Telecom, a partnership between diversified conglomerate Ayala Corp. and SingTel, is boosting the use of mobile browsing to allow subscribers to maximize the use of smartphones whose average price fell 23 percent this year.
MVP sees P39-B profit for PLDT in 2013
HONG KONG—Hong Kong-based First Pacific Co. Ltd. expects core earnings growth for its flagship domestic unit PLDT to recover in two years as strategies are being set in place to ensure profitability even as the company reshapes its media strategy moving forward.
Globe says service changes seen by Q3
MANILA, Philippines - Globe Telecom Inc. expects its subscribers in Metro Manila will be able to experience service improvements by the third quarter such as quick and reliable call connections, instantaneous text messaging, blazing fast Internet browsing, and proactive intelligent spot-on customer support.
Exec claims PH still ‘Nokia country’
MANILA, Philippines - Amid global reports that South Korean electronics company Samsung has overtaken Nokia as the world’s largest seller of mobile handsets, the Philippines remains a Nokia country, said General Manager and Head of Sales Dharmesh Goshalia.
PH mobile phone subscribers to hit 117M by 2016
MANILA, Philippines - The number of mobile subscribers in the Philippines is expected to reach 117 million by end-2016, according to a report by Business Monitor International (BMI).