Globe sustains healthy revenue growth in first quarter

MANILA, Philippines - Globe Telecom registered healthy revenue growth in its fixed line data business in the first quarter of the year, even as its broadband revenues grew 84 percent to P1.2 billion.

Fixed line data revenues during the January-March 2010 period reached P831 million, up 16 percent compared with the same period in 2009.

Company officials said the robust demand from the local outsourcing industry helped sustain the growth momentum in the corporate data business of Globe. Globe Business, the company’s corporate arm, remained strong in the market with the continued expansion of the business process outsourcing (BPO) and services sector.

They noted that the wireline data business continued to grow as it was fueled by the expansion of Globe Business’ network of high-speed data nodes, transmission links, and international bandwidth capacity that serve the requirements of enterprise customers.

“We hope to maintain the gains we have achieved in the enterprise market by focusing on the needs of our customers and continuously investing in our network. Enterprise customers value premium service and require more capacity and quality network services that Globe Business aims to provide at anytime of day,” Globe Business head Gil Genio explained.

For his part, Globe Business enterprise segments head Jesus Romero pointed out that they continue to serve the growing demand of the BPOs especially for corporate data services as they bring more bandwidth and faster connections to enterprise customers.

“We’ve introduced innovative solutions such as Carrier Ethernet services that conform to MEF 9 (Metro Ethernet Forum) specifications for service providers, improved international capability through our submarine cable systems, hosted contact center solution and enhanced managed voice solutions that would address their need for cost efficiency and reliable connectivity in the business. All these we make available to enterprise customers through our more responsive and customer focused account engagement framework,” he said.

Globe Business provides network infrastructure and managed solutions as well as other telecommunications services to enterprises big and small. Among the latest innovations that Globe Business introduced in the market is Business +, which offers various postpaid subscriptions with unlimited call and text features that can be customized to one’s business needs. Business + gives enterprise customers the flexibility to subscribe only to what they want and pay only for what they need.