Globe Telecom Inc. on Wednesday commercially launched a prepaid product to provide an affordable and flexible fiber-speed internet to underserved customers.
The telecom unit of the Ayala Group said the GFiber Prepaid would significantly widen the market for fiber in the Philippines, given its prepaid nature and diverse plan options.
Specifically designed for the mass market, it aims to bridge the digital divide and enable economic growth and personal development.
“Globe At Home has always championed the spirit of the madiskarteng Pinoy— the hardworking and opportunity-seeking head of the family. The launch of GFiber Prepaid is a testament to our commitment to providing fiber internet connection that empowers everyone to seize new opportunities,” said Raymond Policarpio, vice president of Globe at Home broadband business.
“Whether it’s for work, education, or setting up an online business, GFiber Prepaid is here to make that leap possible, all while staying within budget,” he said.
GFiber Prepaid aims to democratize access to fiber connectivity, offering a trio of No Lock-Up, Unli Pay-Per-Use promos and Buy Now, Pay Later options with GCash. With GCash’s Buy Now, Pay Later feature, customers can pay in up to a 24-month installment using the app or pay with a credit line of up to P50,000.
Customers can acquire a GFiber Prepaid service with a special introductory offer of a one-time fee of P1,499, inclusive of installation and seven days of unlimited internet.
They can also choose from a selection of UNLIMITED on-demand promos, including GFiberSURF299 for seven days, GFiberSURF549 for 15 days and GFiberSURF999 for 30 days.
GFiber Prepaid will be available nationwide, subject to serviceability.
Globe earlier booked a net income of P7.3 billion from January to March, down 47 percent from P13.7 billion last year.
Excluding the one-time gain, which related to the partial sale of Globe’s data center business, normalized net income would have been P5.1 billion, or flat year-on-year.
Globe closed the first three months of the year with consolidated service revenues amounting to P40 billion, up 2 percent from the same period last year despite all the macroeconomic headwinds.