MANILA, MAY 15, 2013 – Globe Telecom reports a double-digit growth in subscriber base and revenues for its postpaid business in the first quarter of 2013, nearing a customer base of 2 million.
As of end-March 2013, Globe postpaid subscribers totaled 1.9 million, a 21% increase from previous year’s 1.5 million with gross acquisitions soaring to a record-high of over 205,000 in the first quarter, up 35% and 40% against the same period last year and last quarter, respectively. Net postpaid additions also increased to a quarterly high of over 122,000 during the period, surpassing last year’s level by 44% and last quarter’s performance by 71%.
The segment likewise showed growth in service revenues after posting PhP6 billion in revenues during the same period, up 14% from PhP5.3 billion in the previous year. Postpaid service revenues in 1Q 2013 account for 35% of total mobile revenues, up from 32% in 1Q12.
“With successive quarters of growth in subscriber base and revenues, Globe Postpaid continues to provide solid contribution to the company’s overall mobile business,” said Martha Sazon, head of Globe Postpaid. “Postpaid customers have become more discerning over the years as they look for offers that are relevant and give them value for money. So when it comes to postpaid, subscribers choose Globe and stay with Globe.”
Keeping momentum to grow its postpaid segment in the second quarter of the year, Globe strengthened partnerships with device manufacturers and offered the best smartphone deals. The telco gained exclusivity to carry the new BlackBerry Z10 LTE under its suite of unlimited surfing plans that provide subscribers with unlimited LTE surfing of up to 42 Mbps.
In April, Globe unveiled the Samsung Galaxy S4 and offered the newest Galaxy smartphone for as low as P1,599 monthly under the best-ever Globe My Super Plan 999 with P600 monthly cashout over a 24-month contract period.
