Globe Telecom posted consolidated service revenues of P113.7 billion, 15% higher than the P99.0 billion reported a year ago, supported by solid growth in data consumption across all segments with net income in 2015 totaling P16.5 billion, up 23% from P13.4 billion recorded a year earlier.
The company said that sustained customer uptake in both mobile and broadband and increasing demand for mobile data and high-speed internet connectivity also provided support for Globe Telecom’s revenue growth.
Globe is also allocating a capital expenditure of up to $750 million for 2016, of which majority will be related to data, including spend for deployment of LTE mobile and LTE @Home, increased network capacities and coverage as well as enhancement of fixed line data infrastructure and transmission facilities.
Globe Telecom said that its spending for its network infrastructure is one of the highest among Asian operators over the last two years, as it devotes up to 24% of annual revenues for its infrastructure build. Based on publicly available regulatory reports, Globe had a capex to revenue ratio of 28% in 2015, and 27% in 2014 for both wireless and wireline.
