Globe Telecom
 |
|
The Globe Tower, the headquarters of Globe Telecom in Bonifacio Global City
|
|
| Public company | |
| Traded as | : GLO OTC Pink Current: (ordinary shares) OTC Pink Current: (ADRs) |
| Industry |
Communications services Remittance |
| Founded | Manila, Philippine Commonwealth (1935) |
| Headquarters | Bonifacio Global City, Metro Manila, Philippines |
|
Key people
|
Jaime Augusto Zóbel de Ayala II, Chairman Ernest Cu, President and CEO |
| Products |
Mobile Telephony Fixed-line Telephony Broadband Services |
| Revenue | ₱99 billion (2014) |
| ₱13.4 billion (2014) | |
| Owner |
Structure - SingTel (21.51%) - Ayala Corporation (13.85%) - Asiacom (54.43%) - Directors, Officers, ESOP (0.07%) - Public Stock (10.14%) |
|
Number of employees
|
6,182 (2014) |
| Subsidiaries |
Bayan Telecommunications Innove Communications Kickstart Yondu GXI GTI Asticom |
| Website | www |
Globe Telecom commonly shortened as Globe, is a major provider of telecommunications services in the Philippines, supported by over 6,200 employees and nearly 1.05 million retailers, distributors, suppliers, and business partners nationwide. The company operates one of the largest mobile, fixed line, and broadband networks in the country, providing communications services to individual customers, small and medium-sized businesses, and corporate and enterprise clients. Globe currently has about 48.4 million mobile subscribers, nearly 3.5 million broadband customers, and 859 thousand landline subscribers.
The company’s principal shareholders are Ayala Corporation and Singapore Telecom. It is listed on the under the ticker symbol GLO and had a market capitalization of US$7.4 billion as of the end of June 2015.
Globe's main competitors in the fixed-line telephone market are PLDT and Digitel. Bayantel used to be one of its competitors prior to its acquisition by Globe. In the mobile phone market, its main competitors are the Smart and Talk N Text brands of Smart Communications and Sun Cellular, a wholly owned subsidiary of PLDT.
In 1928, Congress passed Act No. 3495 granting the Robert Dollar Company (a corporation organized and existing under the laws of the State of California), a franchise to operate wireless long-distance message services in the Philippines. Subsequently, Congress passed Act No. 4150 in 1934 to transfer the franchise and privileges of the Robert Dollar Company to Globe Wireless Limited, which was incorporated in the Philippines on 15 January 1935.
Globe Wireless Limited was later renamed as Globe-Mackay Cable and Radio Corporation ("Globe-Mackay"). Through Republic Act ("RA") No. 4630 enacted in 1965 by Congress, its franchise was further expanded to allow it to operate international communications systems. Globe-Mackay was granted a new franchise in 1980 by Batasan Pambansa, under Batas Pambansa 95.
In 1974, Globe-Mackay sold 60% of its stock to Ayala Corporation, local investors and its employees. It offered its shares to the public on 11 August 1975.
In 1992, Globe-Mackay merged with Clavecilla Radio Corporation, a domestic telecommunications pioneer, to form GMCR, Inc. (“GMCR”). The merger gave GMCR the capability to provide all forms of telecommunications to address the international and domestic requirements of its customers. GMCR was subsequently renamed to Globe Telecom, Inc. ("Globe").
...
Wikipedia