Globe says new gadgets to sustain postpaid business growth

New devices and improved postpaid plans will help Globe Telecom Inc. maintain business growth this year, the company said Thursday.  

 

Globe secured a record 589,642 new subscribers in 2012, slightly up by 1 percent from 585,724 in 2011. This brought to 1.734 million the number of postpaid subscribers as of end-2012.

 

Its highest growth in subscriber base and revenues was in the third quarter of 2012, when the telco welcomed nearly 300,000 new postpaid subscribers. 

 

In the fourth quarter, it registered acquisitions of over 147,000 additional SIMs from sales of the latest Apple, Samsung, and BlackBerry devices.

 

The telco's postpaid business ended 2012 with a record P22.8 billion in revenues, up 24 percent from P18.5 billion a year earlier, primarily driven by the iPhone 5 launch in last December.

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Globe Postpaid head Martha Sazon said the strong and consistent performance of the segment over the last two years can be attributed to innovative and customer-centric offers and deals led by My Super Plan that was launched in 2010.

 

This year, the telco claimed it is poised to sustain growth with the launch of the discounted extension data plan for subscribers with heavy mobile browsing requirements, and the much-improved and more customer-centric My Super Plan.

 

The company posted a consolidated net income after tax of P6.9 billion in 2012, down 30 percent from P9.8 billion in 2011 due to accelerated depreciation charges related to its $700 million network modernization program. — VS, GMA News