By Darwin G. Amojelar
Globe, the country’s leading digital solutions platform, said it is ramping up the rollout of its fiber broadband this year amid the rising demand.
“We are committed to providing our customers with the best possible experience. As we move into 2023, we will continue to expand our fiber footprint and bring more customers the benefits of a fixed wired solution,” Globe vice president for brand marketing, broadband business Raymond Policarpio said.
The company rolled out a total of 3.7 million fiber-to-the-home lines, including 1.4 million in 2022.
“We are excited over this impressive growth in fiber adoption among our customers,” Policarpio said.
Fiber subscribers jumped by 35 percent in 2022, leading to an 84-percent surge in revenue compared to 2021.
Globe said it recognizes the growing reliance on data by customers, which requires more stable and faster connections that only fixed wired solutions can provide.
“We understand the importance of providing our customers with stable and fast connection, especially as the world becomes more dependent on technology and the internet. Our fiber network offers a fixed wired solution that can provide just that, and we are happy to see so many customers recognizing the benefits and making the switch to fiber,” Policarpio said.
Globe said it saw continued growth in its fixed wired subscribers, which increased by 17 percent year-on-year to reach 1.1 million. The company attributed this growth to the ongoing migration of Home Prepaid WiFi subscribers to fiber.
The company said it would continue to focus on migrating its fixed wireless and legacy technology customers to fiber, ensuring that all customers have access to fast and dependable connections to meet their growing data needs.
Globe reported a net income of P34.6 billion in 2022, up 46 percent from P23.7 billion in 2021 as consolidated service revenues rose 4 percent to P158 billion.
Globe budgeted $1.3 billion in 2023 capital expenditures, a reduction of over 30 percent from the 2022 peak level. It aims to eventually bring down the annual capex to $1 billion by 2024.