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Friday, March 29, 2024

Globe unit to handle non-core businesses

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Globe Telecom Inc. said it formed a new company to handle non-core businesses critical to the company’s future growth. 

“917 Ventures would focus on internal assets of Globe unlike Kickstart Ventures,” said Rizza Maniego-Eala, chief finance officer, in a press briefing Monday.  

She added the new firm would boost the company’s efforts in building a future Globe with a reinvented core and with new business value sources. 

The company appointed Issa Guevarra-Cabreira as its head. She was the Globe Postpaid Segment head responsible for the Apple launch, the first smartphone in the Philippines. 

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Cabreira from October 2008 to 2013 led the Touch Mobile Business Unit, relaunching the brand, to drive it from being the far no. 5 mobile brand to being the no. 1 in subscriber base today. 

Cabreira from 2013 to 2014 took on the prepaid portfolio, adding Globe Prepaid under her wing, driving a cohesive play in the highly competitive and fiercely fought prepaid mobile market. 

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