The fiber broadband market for Globe has grown by 18% year-on-year as of September 2023, which the company attributes to the surging demand for reliable internet connectivity across the nation.
Wired revenues, predominantly fueled by postpaid fiber subscriptions, constitute around 84% of Globe’s Home Broadband Business. This growth is complemented by the slowing decline in Fixed Wireless revenues, marking a positive shift in favor of postpaid fiber services.
“We’re seeing an encouraging uptrend in our fiber broadband business,” said Raymond Policarpio, VP of Globe At Home Brand Management. “Our focus is not just on expanding our reach but also on acquiring quality subscribers who value longevity and reliability.”
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Globe’s GFiber Prepaid, introduced in July, features a No Lock-Up, Unli Pay-Per-Use model and the convenience of GCash payments. Its launch aims to cater to the underserved market. According to the company, GFiber Prepaid has achieved the highest reload rate and Average Revenue Per User (ARPU) among Globe’s suite of prepaid offerings.
In addressing the ongoing demand for accessible fiber connections, Globe launched the TMBayan Fiber WiFi in August 2022, tailored for the prepaid market. This unlimited prepaid fiber service offers cost-effective options, ensuring that high-speed internet is accessible to all.
Moving forward, the company said it will continue its focus on bridging the digital gap and enhancing the lives of Filipinos by providing improved and accessible fiber broadband services and offerings.