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Globe Telecom's revenue falls 2%, profit drops 16% in 2020

Thursday 11 February 2021 | 12:16 CET | News
Philippines operator Globe Telecom posted consolidated service revenues of PHP 146.4 billion in 2020, which represents a decline of 2 percent from PHP 149 billion reported a year ago. Total data revenues across mobile, broadband and corporate data accounted for 76 percent of total service revenues, up from 71 percent in 2019. This was mainly driven by the increased data consumption in the country, as more Filipinos incorporated working, learning, shopping and seeking entertainment from home as part of their new normal, Globe said.

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Categories: General
Companies: Globe Telecom
Countries: Philippines
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