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Globe Telecom history
Globe Telecom company history timeline
Globe Telecom, Inc. (GLO) was originally incorporated on January 16, 1935 as Globe Wireless Limited with a franchise to operate wireless long distance message services in the Philippines.
In 1965, Globe Wireless Limited was merged with Mackay Radio & Telegraph Company and Philippine Press Wireless to form as Globe-Mackay Cable and Radio Corporation ("Globe-Mackay"), with the transfer of Mackay's franchise to Globe Wireless Limited approved by the Congress through Republic Act No.
In 1974, Ayala Corporation began its investing in Globe-Mackay.
Globe-Mackay offered its shares to the public on August 11, 1975, becoming the first telecommunications company in the country to do so.
Globe-Mackay was granted a new franchise on December 24, 1980 by Batasang Pambansa, under Batas Pambansa Blg.
In 1991, Globe-Mackay merged with Clavecilla Radio Corporation, a domestic telecommunications pioneer, to form GMCR, Inc.
The Company eventually changed its name to the present one in 1992, and welcomed Singapore Telecom, Inc.
In August 20, 1998, GMCR was renamed as Globe Telecom, Inc.
In 2001, Globe merged with Isla Communications Company, Inc. ("Islacom") a joint venture with Deutsche Telekom as foreign partner.
In 2003, the National Telecommunications Commission ("NTC") granted Globe Telecom's application to transfer its fixed line business assets and subscribers to Islacom, pursuant to its strategy to integrate all of its fixed line services under Islacom.
In November 2004, Globe and seven other leading Asia-Pacific mobile operators ("JV Partners") signed an agreement ("JV agreement") to form Bridge Alliance.
In 2004, Globe invested in G-Xchange, Inc. ("GXI"), a wholly owned subsidiary, to handle the mobile payment and remittance service marketed under the GCash brand using Globe Telecom's network as transport channel.
In December 2005, the NTC approved Globe Telecom's application for third generation (3G) radio frequency spectra to support the upgrade of its cellular mobile telephone system ("CMTS") network to be able to provide 3G services.
In 2005, Innove was awarded by the National Telecommunications Commission (NTC) with a nationwide franchise for its fixed line business, allowing it to operate a Local Exchange Carrier service nationwide and expand its network coverage.
On May 19, 2008, following the approval of the NTC, the subscribers contracts of Touch Mobile (TM) prepaid service were transferred from Innove to Globe, which now operates all wireless prepaid services using its integrated cellular networks.
In August 2008, and to further grow its mobile data segment, Globe acquired 100% ownership of Entertainment Gateway Group ("EGG"), a leading mobile content provide in the Philippines.
On October 30, 2008, Globe, the Bank of the Philippine Islands and Ayala Corporation signed a memorandum of agreement to form a joint venture that would allow rural and low-income customers' access to financial products and services.
In March 2012, Globe launched Kickstart Ventures, Inc. (Kickstart) to help, support and develop the dynamic and growing community of technopreneurs in the Philippines.
In October 2013, following the court's approval of the Amended Rehabilitation Plan (jointly filed by Globe and BayanTel in May 2013), Globe acquired a 38% interest in BayanTel by converting BayanTel's unsustainable debt into common shares.
ABS-C formally launched the brand on November 26, 2013.
2013: 16th Telecom Asia Awards - Most Innovative Telecom Project Award
On May 15, 2014, EGGC changed its corporate name from Entertainment Gateway Group Corp. to Yondu, Inc. (Yondu).
On June 3, 2014, Globe signed an agreement with Azalea Technology, Inc. and SCS Computer Systems, acquiring the entire ownership stake in Asticom.
2016: 1st Institutional Investors' Governance Awards - Awardee
In Q3 2016, Globe Telecom dislodged Smart Communications as the largest telecommunications company it terms of subscriber base with 65.8 million subscribers, 200,000 more than its rival.
Globe Telecom’s mobile subscriber base reached 60.7 million as of end-December 2017, down 3% from the 62.8 million subscribers reported a year ago.
2017: The Philippine Stock Exchange Bell Awards for Excellence in Corporate Governance Top Ten Awardee
In 2017, Globe Telecom's CEO, Ernest Cu was named the CEO of the year by the World Communication Awards 2017.
2018: Marisalve Ciocson-Co receives award for Globe as one of the Top Performing Publicly-Listed Companies in the 2018 ASEAN Corporate Governance Scorecard Awards Ceremony (Kuala Lumpur, Malaysia)
DITO has been in the downtrend channel since the last quarter of 2018.
2019: Marisalve Ciocson-Co receives recognition for Globe as one of the Top Performing Publicly-Listed Companies in the 2019 ASEAN Corporate Governance Scorecard Golden Arrow Recognition Ceremony (Manila, Philippines)
In late 2019, the GCash brand was refreshed by global branding and design agency Serious Studio.
On October 1, 2020, Globe Telecom launched "GOMO", the country's first fully digital telco.
In 2021, an unprecedented CAPEX of P92.8 billion led to the addition of 1,407 new towers, upgrade of over 22,300 mobile sites to 4G/LTE, and installation of 1.4 million fiber-to-the-home lines and 2,000 5G sites across the country.
Globe has earned the coveted recognition as the Philippines’ Most Reliable Mobile Network in the second quarter of 2022, topping other players in terms of consistency and availability, based on analysis by Ookla® of Speedtest Intelligence® data.
Nomura Investment Forum Asia 2022
Morgan Stanley Virtual ASEAN Conference 2022
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Globe Telecom competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| GTE Corporation | 1918 | $19.0M | 50 | - |
| Fairpoint Communications | 1991 | $824.4M | 3,300 | 9 |
| Surewest Communications | - | $248.1M | 750 | - |
| Powernet | 1992 | $3.7M | 175 | - |
| Verizon Communications | 1983 | $134.8B | 132,200 | 24 |
| Jive Communications | 2006 | $107.6M | 750 | - |
| Allied Wireless Communications | 2009 | $2.6M | 6 | - |
| Altice USA | 2016 | $9.0B | 9,000 | 208 |
| Qwest | 1996 | $11.4B | 30,000 | - |
| CT Communications Inc | 1897 | $270.0M | 621 | - |
Globe Telecom history FAQs
Zippia gives an in-depth look into the details of Globe Telecom, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Globe Telecom. The employee data is based on information from people who have self-reported their past or current employments at Globe Telecom. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Globe Telecom. The data presented on this page does not represent the view of Globe Telecom and its employees or that of Zippia.
Globe Telecom may also be known as or be related to Globe Telecom and Globe Telecom Inc.