Globe Telecom Inc. has completed its joint venture with Singapore-based technology services firm NCS Pte. Ltd., strengthening its push to scale advanced ICT capabilities across the Asia-Pacific region.
The transaction finalizes an agreement signed on March 26, 2025, under which Globe retains a 49 percent stake while NCS holds 51 percent in Yondu Inc. As part of the deal, Yondu acquired NCSI Philippines Inc. from NCS’ wholly owned subsidiary, NCSI Holdings Pte. Ltd., making the Philippine entity a fully owned Yondu unit. Yondu will now operate under the name NCS Philippines.
The partnership immediately expands the joint venture’s technology depth by tapping NCS’ regional footprint, partner ecosystems and digital innovation capabilities. It positions the group to address rising demand for sophisticated technology solutions—particularly in telecommunications—while broadening access to cloud, data, artificial intelligence and digital services for both regional and global clients.
Globe President and CEO Carl Raymond R. Cruz said the completion of the deal significantly strengthens the company’s ability to deliver globally competitive ICT solutions, while creating a scalable platform for expanding its services and customer base across APAC. He added that the partnership lays the groundwork for long-term, sustainable growth that benefits local enterprises and opens new regional opportunities.
For NCS, the joint venture accelerates its regional expansion. Chief Executive Officer Ng Kuo Pin said the transaction boosts its Philippine workforce to over 1,200 professionals and enhances delivery capacity, allowing clients wider access to its digital, cloud, data and AI expertise throughout the region.
Globe Chief Finance Officer Carlo Puno described the deal as a major financial milestone that improves capital efficiency and supports sustainable revenue growth, while maintaining flexibility to invest in next-generation ICT solutions.
