News » PH telco logs P40bn revenues driven by increased demand for data

PH telco logs P40bn revenues driven by increased demand for data

Philippine telecommunications provider Globe Telecom Inc. recently disclosed that it registered Php40 billion in revenues from its data product segment. 

The increased demand for data-related services drove the telco company’s consolidated service revenues for the first half of 2022 to P78.9 billion, a 4 per cent growth from the previous year.

“With digitalization, data use is growing rapidly and we already see it impacting our bottom line and shaping the way we do business,” said Globe President and CEO Ernest L. Cu.

Globe’s mobile data revenues rose by 8 per cent in the first half of 2022 compared to last year. It now accounts for 77 per cent of revenues made from its mobile product offerings.

Meanwhile, Globe’s corporate data revenues sustained a growth of 21 percent and generated a record-high of ₱8.2 billion from ₱6.7 billion compared to the same period last year.

The uptick from information and communications technology (ICT) and international leased line services accounted for the high performance.

Read more here. 

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.