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ABS-CBN forays into telco business

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Media giant ABS-CBN Corp. plans to launch its own telco brand that aims to give subscribers access to exclusive content on mobile devices, as part of plans to reach audiences that are slowly changing their viewing habits.

Posted: May 28th, 2013 in Latest Business Stories | Read More »

Smart Communications seeking Asia telco 3-peat

SMART-NEW-LOGO

Smart Communications Inc. has garnered seven nominations at the prestigious Asia Communication Awards (ACA)—the highest number of finalists from a single company this year.

Posted: May 1st, 2013 in Latest Business Stories | Read More »

PLDT earmarks P2.5B for fiber optic network expansion in 2013

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Dominant carrier Philippine Long Distance Telephone Co. (PLDT) is rolling out this year more than 5,000 kilometers of new fiber optic cable to support both wireless and fixed-line services across the country.
In a statement, PLDT said it would spend P2.5 billion to expand its fiber optic cable network to more than 60,000 kms this year.

Posted: March 11th, 2013 in Headlines | Read More »

Globe posted record mobile revenue in 2012

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It may have received flack in recent months over transmission problems caused by its ongoing network upgrade, but it is difficult to tell when looking at the postpaid segment of Globe Telecom Inc.

Posted: February 11th, 2013 in Headlines | Read More »

Bayan 2012 revenue up 8% to P5.2B

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Bayan Telecommunications

Lopez-led Bayan Telecommunications Inc. reported strong revenue growth for 2012 on the back of its growing broadband Internet business.

Posted: February 8th, 2013 in Latest Business Stories | Read More »

High cost of modernization takes toll on Globe income

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One step back, two steps forward. This was how Globe Telecom Inc. characterized its latest financial performance after it reported a 30-percent decline in its net earnings last year—despite having booked higher sales—as it accelerated spending for its ongoing network modernization program.

Posted: February 7th, 2013 in Editor's Pick,Headlines | Read More »

Biz Buzz: Cartel breaker

Some big players in the gaming industry are somewhat peeved by the aggressive recruiting tactics of Bloomberry Resorts Corp. of ports tycoon Enrique Razon Jr.

Posted: January 2nd, 2013 in Headlines | Read More »

Smart draws 43% more postpaid customers

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SMART-NEW-LOGO

Smart Communications made significant strides in the postpaid space from January to September as it focused on getting more loyal customers.

Posted: November 21st, 2012 in Latest Business Stories | Read More »

High cost pulls down Globe’s 9-month profit

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MANILA, Philippines—Publicly listed Globe Telecom Inc. on Thursday reported higher revenues for January to September, but higher costs associated with its ongoing network modernization effort reduced the earnings of the Ayala-controlled telecommunications firm.   In a statement, Globe Telecom said it closed the nine-month period with consolidated service revenue of P61.3 billion, up 6 percent [...]

Posted: November 8th, 2012 in Latest Business Stories | Read More »

Rewards offered to Globe/TM prepaid users reloading via BPI e-banking

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Globe Telecom has teamed up with Bank of the Philippine Islands to provide early Christmas freebies to prepaid cell phone users who will reload credits using the latter’s electronic banking channels.

Posted: November 6th, 2012 in Latest Business Stories | Read More »

Globe taps insurance firms for P2B fixed-rate notes

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Ayala-led Globe Telecom has tapped three of the biggest insurance firms operating in the Philippines for fresh funds to help fund $700 million worth of upgrades to make the company’s network the most modern in the country.

Posted: September 26th, 2012 in Headlines | Read More »

Modernization program pushes Globe capex to P11.7B in first 6 months

Ayala-led Globe Telecom said aggressive expansion efforts pushed its first-half capital expenditure (capex) to P11.7 billion, or about $273 million, the highest for the company in any six-month period, as its network modernization and IT transformation program went into full swing.

Posted: August 27th, 2012 in Headlines | Read More »

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