Radio Philippines Network (RPN)
Business News

Globe expands 5G roaming service

Globe Telecom Inc. on Thursday said its 5G roaming service is now available in the United States and Canada, claiming that it is “securing the widest 5G network coverage worldwide.”

To offer its 5G roaming services to subscribers, Globe partnered with AT&T in the US and Telus in Canada.

Coco Domingo, Globe VP for Postpaid and International, added that it has also partnered with Vodafone to offer 5G roaming in the following European territories: Hungary, Germany, Ireland, and the Netherlands. The service will be available in July.

“Together with our customers, we look forward to the day that the world will open once again for travel,” Domingo said. “For our part, we will fulfill our commitment to continuously innovate with a purpose so our customers will be prepared to roam the world with 5G technology at their fingertips.”

With the addition of the four new territories, Domingo said Globe has the “widest coverage of 5G roaming in Europe.”

Other European countries where Globe has 5G roaming services are: Finland, Denmark, Sweden, Norway and Estonia through Telia Company; Italy through Telecom Italia; and Hungary, Germany, Ireland, and Netherlands through Vodafone.

In May Globe announced that it secured a $100-million loan from the Bank of China (Hong Kong) Ltd., which will help bankroll the company’s capital expenditures for 2021.

The telco said it intends to spend P70 billion in capital outlays this year, as it expands and upgrades its wireless and fixed line networks.

Bulk of the capital or about 91 percent will be invested in data-related requirements “to support the fast-growing data usage and provide superior data customer experience.”

This includes the deployment of fiber optic cables, the construction of new cell sites, and the upgrading of existing towers to host 4G antennae.

“The record-breaking capital expenditure supports Globe’s continuous modernization of its network to make 5G as well as fiber technology available to customers in more areas in the country,” the disclosure read.

So far, Globe has spent P19.1 billion of its programmed capital for the year, exceeding the year prior by 79 percent.

Globe posted an 11-percent increase in net profits during the first quarter of the year to P7.30 billion from P6.69 billion the year prior, thanks to a new law on corporate income taxes.

Read full article on BusinessMirror

Related posts

SEC to allow online submission of documents

BusinessMirror

Execs of UnionBank bag awards from NPC

More motorists going cashless–SMC

BusinessMirror

Inclusion in associations: Having a seat at the table

BusinessMirror

SFA Semicon issues Notice of Annual Meeting of Stockholders

BusinessMirror

Banks ‘too big to fail’ stable, BSP stress test shows

AirAsia unit, McDonald’s forge partnership

BusinessMirror