Globe Telecom Mid-Year 2024 Financial Report

 

Globe Telecom, Inc., a leading digital platform in the Philippines, has released its financial report for the first half of 2024. The report includes the accounts of Globe Telecom and its subsidiaries, such as Innove Communications, GTI Business Holdings, Kickstart Ventures, Asticom Technology, Globe Capital Venture Holdings, Bayan Telecommunications, TaoDharma, GTowers, and Yondu.

The financial statements, prepared in accordance with the Philippine Accounting Standard 34, provide an analysis of Globe’s financial performance for the six months ended June 30, 2024. The report aims to help readers understand the dynamics of the company’s business and the key factors underlying its financial results.

Globe Telecom currently serves the telecommunications and technology needs of consumers and businesses across a suite of products and services, including mobile, fixed, broadband, data connectivity, internet, and managed services. As of June 2024, the company has 59.5 million mobile subscribers, over 1.7 million Home Broadband customers, and over 771 thousand landline subscribers.

The company’s principal shareholders are Ayala Corporation and Singapore Telecom. Globe Telecom is listed on the Philippine Stock Exchange under the ticker symbol GLO and had a market capitalization of US$5.2 billion as of the end of June 2024.

Globe Telecom is committed to sustainability and aims to contribute to the UN Sustainable Development Goals by promoting innovation and technology for greater social and environmental impact. The company is the first publicly listed company in the Philippines to get the Science Based Targets initiative’s validation and approval of its science-based net-zero target by 2050.

The report also provides an overview of the various companies under Globe Telecom, including their business operations and recent developments. These companies are engaged in a range of activities, from providing digital wireless communications services to investing in start-up businesses and providing IT system integration and consultancy services.

For more detailed information, the full report can be found on Globe Telecom’s corporate website.