MarketLine Company Profile: Globe Telecom, Inc.

GLOBE Telecom Inc.; TELECOMMUNICATION

Globe Telecom, Inc. (Globe Telecom or “the company”) is one of the leading providers of telecommunications services in the Philippines. The company offers telecommunication services to individual customers, enterprise and wholesale business; and small and medium business through its mobile, fixed and broadband networks. The company primarily operates in the Philippines where it is headquartered in Taguig and employed 5,987 people as of December 31, 2013. The company recorded revenues of PHP95,141 million ($2,235.8 million) during the financial year ended December 2013 (FY2013), an increase of 10.1% over FY2012. The operating profit of the company was PHP6,864.8 million ($161.3 million) in FY2013, a decrease of 29.6% compared to FY2012. Its net profit was PHP4,960.2 million ($116.6 million) in FY2013, a decrease of 27.5% compared to FY2012.