In the wake of high demand for mobile data, Globe Telecom Inc. posted 3% growth year-on-year in its mobile business, hauling in P83.2 billion revenues as of end of September, 2023, the company disclosed today.
The telco’s total mobile revenues now constitute 69% of the overall consolidated service revenues, with a mobile customer base of 54.7 million, post-SIM registration as of the first nine months of the year.
Overall, mobile data reached a record high of P67 billion for the first nine months of 2023, a 7% increase from P62.5 billion a year ago.
The surge in mobile data traffic to 4,360 petabytes was fueled by consumption of video and social media content.
Currently, mobile data comprises 81% of Globe’s total mobile revenues, a climb from 78% in the previous year.
Globe also registered an increase in its Average Revenue Per User (ARPU) for mobile, within the Prepaid and TM brands, following the SIM registration mandate.
This government requirement led to the deactivation of about 30 million SIMs, predominantly consisting of inactive users.
The refined ARPU now more accurately reflects the higher quality of the company’s subscriber base.
“We are now seeing higher quality acquisitions who are genuine intenders seeking to use our services for extended durations,” says Darius Delgado, Head of Consumer Mobile Business.
“This is evident in the increased reload and activity rates of new acquisitions compared to the period before the SIM registration initiative,” he noted.
“While we maintain confidentiality over specific numbers, it’s clear that our current acquisitions are maintaining levels similar to those seen prior to the implementation of SIM registration.”
Globe Postpaid ARPU remained stable at ₱846 for the third quarter.
Globe Prepaid and TM brands posted substantial increases of 25% and 28%, respectively.
TECHNOLADY 