Globe Telecom Inc. said Monday its mobile business posted a “strong performance” in January to September due to the “consistent surge in mobile data usage.”
Darius Delgado, Head of Consumer Mobile Business at Globe, said Globe recorded a 3-percent increase in mobile revenues to P83.2 billion as of end-September from P80.6 billion the year prior.
With this, Globe’s total mobile revenues now constitute 69 percent of the overall consolidated service revenues, with a “robust mobile customer base” of 54.7 million post-SIM registration during the period.
Globe’s mobile data revenues “reached an unprecedented record high” of P67 billion, a 7-percent increase from P62.5 billion, fueled by “a significant surge” in mobile data traffic to 4,360 petabytes.
Currently, mobile data comprises 81 percent of Globe’s total mobile revenues, a climb from 78 percent in the previous year.
“We are now seeing higher quality acquisitions who are genuine intenders seeking to utilize our services for extended durations. This is evident in the increased reload and activity rates of new acquisitions compared to the period before the SIM registration initiative,” Delgado said.
“While we maintain confidentiality over specific numbers, it’s clear that our current acquisitions are maintaining levels similar to those seen prior to the implementation of SIM registration.”
He added that Globe also observed an increase in its Average Revenue Per User (ARPU) for mobile, notably within the prepaid and TM brands, following the SIM registration mandate.
This government requirement led to the deactivation of about 30 million SIMs, “predominantly consisting of inactive users.”
Delgado said the “refined ARPU now more accurately reflects the higher quality of the company’s subscriber base.”
Globe said its 9-month profits plunged by more than a quarter despite posting all-time high consolidated service revenues due to higher depreciation costs and a non-operate charge versus last year.
The company said in a statement that its net income during the period dropped by 27 percent “due to the increased depreciation expense as well as this period’s non-operating charges versus last year’s non-operating income which included the partial sale of Globe’s data center business.”
“Excluding this one-time gain, normalized net income would have been P14.8 billion, or down by 11 percent compared to the previous year,” the company said.
It closed the period ending September with all-time high consolidated revenues of P121.1 billion, up by 3 percent from a year prior “despite the extended macroeconomic headwinds faced by the industry.”