Philippines telecom provider Globe Telecom has revealed that its customer base has moved into record territory, totalling nearly 43 million at the end of the first half of the year.
The figure represents a 19% leap from 37.9 million 12 months ago. The company attributed the rise to a considerable subscriber uptake in its mobile and broadband businesses.
Globe said that "aggressive acquisitions" in both the postpaid and prepaid business, coupled with the healthy demand for data connectivity in the country, took its customer uptake to record highs.
The company reports that at the end of June this year it had 2.1 million postpaid customers – where users are billed at the end of each month – which is a 10% increase from the same period a year ago.
Globe Prepaid – where a user pays in advance for credit – also showed encouraging figures, with gross acquisition totalling 7.9 million in the first half, a 27% improvement from 6.2 million a year earlier, bringing total Prepaid subs to 19.3 million.
Globe also reported that it sustained its growth momentum in the first half of the year, as core net profit increase accelerated 18% from the year previous.
Globe president & CEO Ernest Cu said that he expects the company's drive on 3G and 4G coverage to further support subscriber growth moving forward. He said Globe's network modernization initiative, launched a few years ago, enabled the company to become the first mobile operator in the Philippines to achieve 100% 3G coverage for its entire network.
The company added that it hopes that the more advanced 4G HSPA+ technology – which enables higher speeds for the end user – will be up and running by the end of the third quarter, which would further boost network capacity.