Globe's mobile data revenue reaches PHP 20.8 billion in Q1

Globe Telecom hit a record-high mobile data revenue in the first quarter of 2022 as the government further relaxed COVID restrictions.

File photo: Globe 5G Speedtest in BGC using the Huawei P40 Pro

A "record-breaking" Q1 performance!

In a statement, the telco giant said it booked PHP 20.8-billion mobile data revenue, with it now accounting for 78 percent of the total mobile revenues.

Globe said the group continued to record strong demand for data as evident by the traffic soaring by 27 percent to 1,058 petabytes from January to March this year, up from 836 petabytes in the same period last year.

Likewise, mobile data monthly Average Revenue Per User (ARPU) grew to 9.4 gigabytes per month, 22 percent more than full-year 2021 and 5 percent more than last quarter.

We are pleased to regain our momentum in Mobile, led by our prepaid brands, given easing up of mobility restrictions starting March. We will continue to stay the course and differentiate in the market, while still maintaining competitiveness in terms of connectivity because connectivity has become hygienic. We will also sustain investments in the mobile network to maintain consistency scores that lead in the market, which we’ve seen happen in the first quarter, said Darius Delgado, Head of Globe Consumer Mobile Business.

In an earlier statement, Globe President and CEO Ernest Cu said the group remains committed to investing heavily in its network rollout.

For 2022, the company is targeting to spend PHP 89 billion on its network. It ended in 2021 with 1,407 new cell sites and 22,300 upgraded mobile sites.