Globe Telecom Inc. said it saw an 18 percent year-on-year growth in its fiber broadband revenues in the nine months through September 2023, with a slower quarterly decline in fixed wireless revenues indicating a positive shift in market preference towards postpaid fiber offerings.
The telecommunications arm of the Ayala Group said that wired revenues comprised approximately 84 percent of of its total Home Broadband Business, driven largely by postpaid fiber.
“We’re seeing an encouraging uptrend in our fiber broadband business, and our commitment to delivering exceptional service is stronger than ever,” said Raymond Policarpio, Vice President of Globe At Home Brand Management. “Our focus is not just on expanding our reach but also on acquiring quality subscribers who value longevity and reliability.”
Globe said its introduction of GFiber Prepaid in July also helped bolster revenue as customers welcomed its fully digital experience, affordability and prompt installation. The no lock-up, unlimited pay-per-use features of GFiber along with its convenient payment options have also attracted the underserved market, it said.
GFiber, the company said, has achieved the highest reload rate and Average Revenue Per User among Globe’s prepaid offerings.
Globe also introduced TMBayan Fiber WiFi in August in response to the persistent need for fiber connection within communities and to broaden the reach of affordable fiber internet., Globe also introduced TMBayan Fiber WiFi in August 2022, designed with the prepaid market in mind. The product is an unlimited prepaid fiber service offers cost-effective options for superior connectivity, ensuring that high-speed internet is within everyone’s reach.
Globe said it remains focused on bridging the digital divide and enriching the lives of Filipinos through improved and accessible fiber broadband services and offerings.
