LISTED mobile services provider Globe Telecom Inc. is expanding its operations in Singapore through the construction of telecommunications facilities in the Southeast Asian nation.
Globe Executive Vice President for International and Business Markets Gil B. Genio said his firm aims to set up its Singaporean subsidiary called Globetel Singapore by year-end.
“We can serve as the backbone of other service providers because Globe actually helps many other service providers for those who have links between the Philippines and Singapore. We created the company to put up the facilities,” he said in a chance interview.
Genio said the firm will be offering mobile Internet and Cloud services in the Southeast Asian country.
“We actually have a lot of bandwith going into Singapore,” he said. The executive said the Singaporean market poses good potential, given Globe’s partnership with Singtel. “We are expanding that relationship because we can serve also companies and other foreign carrier who want links between Singapore and the Philippines by establishing a new hub in Singapore. And we’ve established what is called a facilities-based license in Singapore,” Genio said.
He said Globe would leverage on its multiple linkages with international cable systems to seamlessly provide its planned services.
“So that would be used as a great opportunity for enterprise customers, particularly other service providers to make connections between the Singapore and the Philippines,” he said.
Genio said, “Because of the infrastructure that we have in Singapore, we believe it to be best to actually create a company that would actually perform services for them. A physical network that would do business in Singapore.”
Aside from Singapore, the telco also serves the United States, the United Kingdom, Singapore, Hong Kong, Saudi Arabia, Canada, Italy and Spain.
Globe booked a net income of P10.53 billion in the first nine months of the year, fueled by an increase in service revenues which is at P72.7 billion, despite a faster rise in expenses to P42.9 billion.