Globe Doubles Broadband Base to 1M Subscribers

Globe Telecom doubled its broadband subscriber base to 1M subscribers in Sept 2010, up from 517,355 subscribers in 2009.  Globe Telecom, with one of the largest WIMAX deployments in Southeast Asia, posted tremendous growth in its broadband users, with a compounded growth rate of 123% since 2006, in DSL (wired Internet), Broadband Tatoo (mobile wireless Internet) and WIMAX (fixed wireless Internet) subscribers.

Globe WIMAX subscribers passed the 100,000 mark in July 2010.  WIMAX (Worldwide Interoperability for Microwave Access) is a next-generation fixed wireless broadband technology used to provide affordable and reliable high-speed internet service, normally faster than many other broadband services.  WIMAX can cover areas not covered by traditional wired Internet solutions.

"We are seeing robust growth in subscriber takeup for our DSL, Broadband Tatoo and WIMAX offers, especially in the provinces. ... We are happy to hit the one million milestone for broadband users, and expect our growth trajectory to continue by year end. We aim to be the preferred provider by more subscribers as we introduce new products and improve the surfing experience of our customers," said Ernest Cu, President and CEO of Globe.

Globe has the largest WiMAX network in the Philippines, covering nearly 60 provinces and 365 key cities, including Metro Manila, Cainta, Antipolo, Taytay, Plaridel, Cabanatuan, Dasmarinas, Bacoor, Imus, Tanza, Calamba and Batangas City in Luzon  plus Cebu City, Cagayan de Oro and Zamboanga in Southern Philippines.

Globe has invested US$120M for expansion of its broadband network during the first six months of 2010.

source:
Globe Telecom disclosure to PSE
Nov 2, 2010.