Skip to main content

Globe earns spot on Fortune Southeast Asia 500 list

Inaugural regional list includes largest companies in the region







Globe, a leading telco and expanding technology company in the Philippines, has earned a spot on the inaugural Fortune Southeast Asia 500 list, cementing its stature as one of the largest companies in the region.


Globe ranked 111, with revenues at $3.240 billion and profits of $441 million as of end 2023. It joins 38 companies from the Philippines that made the list.



“Globe’s inclusion on the first ever Fortune Southeast Asia 500 list is an affirmation of our success in serving our customers guided by our purpose, delivering products and services that impact lives and solving the pain points of Filipinos. The company grew serving millions of customers locally and now abroad. Amid the new digital landscape, we envision to continue growing through responsible use of technology to fill in the societal gaps and allow our country to reach economic prosperity,” said Ernest Cu, President and CEO of Globe.


“To uplift the nation is our North Star. This recognition inspires us to keep innovating to serve our customers as their needs evolve,” he added.


Globe has been the country’s mobile leader based on revenue market share for over seven years. It has 61.3 million subscribers as of Q1 2024, including 58.8 million mobile subscribers, 1.7 million home broadband customers, and 797,000 landline subscribers.


It employs over 7,200 employees and provides business to over 414,000 load retailers, distributors and business partners across the country as of the first quarter of this year.


Fortune’s new ranking indexed companies by total revenues as of Dec. 31, 2023. It said the list ”reflects the rise and fall of energy markets, multinational supply chains and tourism in some of the world’s most dynamic economies.”


“The Fortune Southeast Asia 500 reflects a dynamic and fast-changing region — one whose core economies are growing notably faster than those of Europe or the U.S. This is partly due to Southeast Asia taking on far greater significance in the global economy, not least because a host of Global 500 multinationals have shifted more of their supply chains to Southeast Asian nations,” says Clay Chandler, Executive Editor, Fortune Asia.


Fortune said companies on the regional list “join an elite group of firms recognized under the Fortune 500 franchise,” which includes Fortune 500, Fortune Global 500, Fortune Europe 500, and Fortune China 500.


Learn more about Fortune Southeast Asia 500 here. To know more about Globe, visit www.globe.com.ph.


###


ABOUT GLOBE


Globe Telecom, Inc. is a leading full-service telecommunications company in the Philippines and publicly listed in the PSE with the stock symbol GLO. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It offers innovative digital solutions in the areas of fintech, healthtech, adtech, climate tech, shared services and venture capital. In 2019, Globe became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles. Its principals are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region.



Comments

Post a Comment

Popular posts from this blog

Globe: No unregistered SIMs in active use

Globe has been at the forefront of efforts to strictly implement and comply with the SIM Registration Act, ensuring that all SIMs currently in use are registered. Globe does not allow any customer to use an unregistered SIM. Under its current system, a new SIM is only activated once registered through Globe’s SIM registration platforms. “We designed our SIM Registration system in such a way that no SIM can be used on the network unless registered. Therefore, all active SIMs within our network are in our system. Even as we continue to enhance our SIM registration platform, we already have measures in place that defend against the illegal use of unregistered SIMs,” said Darius Delgado, Globe Vice President and Head of Consumer Mobile Business. Globe currently has 58.8 million mobile subscribers. Following the registration period from December 27, 2022 to July 30, 2023, which covered SIMs already in use before passage of the law, Globe deactivated over 30 million unregistered SIMs. Since
Post a Comment
Read more

GLOBE ANNOUNCES THIRD QUARTER & NINE MONTHS 2024 FINANCIAL AND OPERATING RESULTS:

GLOBE MAINTAINS STRONG FINANCIAL RESULTS: FULL YEAR TARGETS REMAIN ON TRACK RECORD SERVICE REVENUES AT ₱124.0 BILLION, UP 2% YoY; RECORD EBITDA AT ₱64.9 BILLION, UP 7% YoY; EBITDA MARGIN AT 52%, TRACKING ABOVE GUIDANCE; NORMALIZED NIAT AT ₱17.8 BILLION, UP 20% YoY; CORE NIAT AT ₱17.6 BILLION, UP 19% YoY; MYNT'S IMPRESSIVE GROWTH DRIVES GLOBE'S NET INCOME BEFORE TAX, CONTRIBUTING A SIGNIFICANT 14% RECORD MOBILE BUSINESS REVENUES AT ₱87.7 BILLION, UP 5% YoY, LED BY RECORD MOBILE DATA REVENUES OF ₱72.9 BILLION, UP 9% YOY; RECORD CORPORATE DATA REVENUES AT ₱15.5 BILLION, UP 14% YOY; GLOBE'S STRATEGIC SHIFT TO PREPAID FIBER PAYS OFF WITH STRONG CUSTOMER ENGAGEMENT; GLOBE SPENT CASH CAPEX OF ₱41.0 BILLION, DOWN 24% YoY, IN LINE WITH STRATEGY TO OPTIMIZE CAPITAL UTILIZATION AND ACHIEVE POSITIVE FREE CASH FLOW BY 2025; GLOBE ATTAINS MSCI ESG “AA” RATING FOR TWO YEARS IN A ROW AND THREE-PEAT FIVE GOLDEN ARROW AWARD FROM THE INSTITUTE OF CORPORATE DIRECTORS Key Financial Highlights:
Post a Comment
Read more

Shōgun’s Most Shocking and Significant Deaths!

                                          Which one made your jaw drop? It’s full-on war, betrayal, and sacrifice in the latest episode of Shōgun. From cannons butchering mighty samurais, a brutal ambush in the woods, to a lethal stroke of katana to end a violent regime, every life lost in Shōgun pushes the story forward and is never in vain. And it’s only going to get bloody from here. SPOILER ALERT! If you haven’t seen the latest episodes of Shōgun or any episode for that matter (if you plan to binge-watch the series once all episodes are available), we suggest you stop reading here. But if you think a little bit of spoiler never hurt anyone and it won’t diminish your interest or the thrill, then read on! What have been the most notable and jaw-dropping deaths in the show so far? And how will these sudden turn of events affect the course of the unfolding civil war in the once united Feudal Japan? Here’s a run-down: Shooting the messenger: Nebara Jozen Lord Ishido’s messenger, Nebara
Post a Comment
Read more