In its recent disclosure, Globe said that 2020 was a banner year for its Home Broadband business, posting revenues of P26.8 billion, a 23% hike year-on-year from P21.7 billion in 2019. Total home broadband subscriber base now stands at 3.8 million, an 88% increase from 2019.
Globe said that it intends to rollout an additional 1 million fiber lines in 2021. Globe earmarked an unprecedented Php 70 billion in CAPEX this year, 80% of which will be spent on data network builds.
The Philippines has been posting continued improvements in internet speed for fixed wireline in 2020. In terms of fixed broadband, Ookla® data shows that the Philippine average rose to 31.44 Mbps in December from 28.68 Mbps in November 2020*.
“This recognition from Netflix shows our commitment to bring highly reliable internet service to our customers. Apart from providing relevant products and services, we strive to improve our customers’ overall experience on our network,” said Darius Delgado, VP and Head of Broadband Business at Globe.
Globe has embarked on an aggressive build and network expansion program in 2020. The company posted the most number of new site builds according to the National Telecommunications Commission (NTC). Globe built a total of 10,395 towers as of December 2020.
The company strongly supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9 which highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development. Globe is committed to upholding the 10 United Nations Global Compact principles and 10 UN SDGs.
For more information, visit www.globe.com.ph.
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