Globe: Our fiber takeup grew by 155 percent in Q1 2022!

Local telco giant Globe recently revealed that the company's fiber broadband takeup jumped by 155 in Q1 2022 versus the same period in 2022.

File photo: Globe Fiber website

Better fiber takeup in 2022!

According to the company, this resulted in higher fiber revenues by 164 percent during the same period. Year-on-year (YoY), it is a 31 increase in both subscribers and revenues.

Globe also noted that it built lines 1.74 times more from January to March than last year and provided its customers a FREE migration to fiber.

We are now seeing tremendous growth in our fiber subscribers. There's still latent demand in the industry, and we will continue our accelerated fiber rollout to capture that demand. In the coming quarters, said Issa Guevarra-Cabreira, Globe Chief Commercial Officer.

Clearly, our customers already prefer the wired solution. As we brought them out of our wireless and legacy technology, then we will see growth in the coming months, she added.

Just this year, Globe allotted PHP 89 billion in capital expenditures (capex). A large portion of the money is allocated for data-related requirements to further build its fiber assets, put up more cell sites, upgrade towers to 4G LTE, and roll out 5G technology and in-building solutions.

Last year, the company spent PHP 92.8 billion on network expansion and improvements.

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