050307: Globe now claims 17-M subscribers

GLOBE Telecoms’ cellular subscriber base grew by about 1.3 million from last year’s 15.7 million. Globe head for regulatory affairs Froilan Castelo said in a letter to the National Telecommunications Commission (NTC) that the company’s mobile phone subscribers are now “close to 17 million.” The letter was dated April 24, 2007. The company’s subscriber base grew 26 percent in 2006 from 2005 as unique and relevant value offers designed to address the specific needs of Globe’s priority segments helped drive the firm’s growth and improved its market position. “We are particularly pleased with how the market has warmly received our various service offers, and we look forward to introducing more compelling propositions in 2007,” Globe president Gerardo Ablaza had said in February. The strong performance of Globe’s wireless service offerings boosted the company’s net income by 11 percent to P11.8 billion in 2006 from P10.3 billion a year earlier. --L. Lectura

 

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