Listed telecommunications firm Globe Telecom Inc. on Thursday said its cell site builds in January to September went up by 82 percent versus the same period the year prior.
In absolute terms, this means that Globe built 1,080 new cell sites as of end-September, up by 487 sites from 593 sites a year ago.
“The installation of new cell towers will greatly decongest traffic in our existing towers. By building more cell sites, while modernizing the existing ones to 4G LTE, we will ensure to meet the demand for better and accessible connectivity for our customers in more parts of the country,” said Joel Agustin, Globe Senior Vice President for Program Delivery, Network Technical Group.
Most of the new towers, he said, are in Metro Manila and North Luzon, accounting for 340 sites and 230 sites, respectively. “At least a hundred or more new cell towers” were also installed in South Visayas and Mindanao.
Agustin added that Globe also completed 73 in-building solutions (IBS) during the same period. IBS enhances the quality of signal that subscribers get indoors.
“We are very optimistic in sustaining the momentum because more cell towers simply mean better call, text and data browsing experience for our customers,” he noted.
Globe is spending P76 billion in capital expenditures this year to further enhance its mobile and fixed line networks.
In another development, Globe also emerged as the most valuable telecommunications company in the country as of October this year with its market capitalization reaching P456 billion amid its pivot to become a digital solutions platform.
Globe President Ernest L. Cu said the continued rise in stock prices of Globe signals that investors are confident of Globe’s prospects in the coming years.
“Telco will continue to be our main and most important business but we now view ourselves as a digital platform that builds one business upon others. We will continue to enhance our telco business and keep an eye on maintaining our number one spot in mobile, as we compete heavily in the fixed-line business and expand our services to other fields of technology and digital solutions,” he said.
Cu earlier announced that Globe is diversifying its business, leveraging its digital assets to grow in the healthtech, adtech, edutech, fintech, and e-commerce sectors.
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