MANILA and HANGZHOU – February 17, 2017 – Leading Philippine mobile operator Globe Telecom today announced that Ant Financial Services Group, one of the world’s leading digital financial services providers, has entered into a strategic partnership with Globe Fintech Innovations, Inc. (Mynt), a wholly-owned subsidiary of Globe Capital Venture Holdings (GCVHI) under Globe Telecom, and Ayala Corporation, one of the largest conglomerates in the Philippines, to accelerate financial inclusion and upgrade payment services in the Philippines.
Ant Financial, parent company of Alipay, and Ayala Corp have signed the definitive documents to enter into an investment via subscription to new shares in Mynt, which operates GCash and Fuse Lending. GCash is an internationally-acclaimed micropayment service which can be used to buy prepaid load, pay bills, send money, make donations, shop online, and purchase goods without the need for cash. Fuse Lending offers personal and business loans to unbanked and underserved Filipinos through the use of mobile technology, alternative data, and innovative credit scoring methods.
Subject to the closing of the transaction, Ant Financial, will own a substantial minority interest in Mynt while Ayala Corp will acquire a minority interest. GCVHI will hold the remaining equity interest.
The fresh capital infusion will help Mynt achieve its vision of becoming a world-class online and offline payment provider as well as scale up its mobile wallet services and quickly expand its digital financial services.
The deal represents Ant Financial’s first-ever investment in the Philippines and demonstrates the company’s confidence in Mynt and its management team to upgrade digital financial services in the region. With this partnership, Ant Financial, whose suite of digital financial services includes Alipay, will share with Mynt its know-how in using technology to provide equal access to financial services.
“A world-leading digital financial services provider has decided to partner with us. We are confident that having a strategic partner for Mynt will help fulfill our mission of providing financial services in a non-traditional manner that will benefit the majority of our population who are unbanked. With this partnership, we are set to democratize financial services in the Philippines,” said Ernest Cu, Globe President and Chief Executive Officer.
“We look forward to working with Mynt’s innovative management team to provide simple, secure, low-cost and accessible digital financial services to unserved and underserved individuals and small and micro enterprises in the Philippines, thus helping individuals to live a better life and helping SMEs to grow and create more jobs,” said Eric Jing, Chief Executive Officer of Ant Financial. “Ant Financial is committed to building an open, technology-based ecosystem with our partners.”
“We are happy to be part of Mynt and capture the exciting opportunities in financial technology,” said Ayala Chairman and CEO Jaime Augusto Zobel de Ayala. “We believe this is a great platform to redefine the country’s financial services space amidst a robust consumer market and an increasingly digital environment. With the combined strengths of Ayala, Globe, and Ant Financial, we believe we can help more Filipinos gain access to safer, more convenient, and extensive payment and lending platforms.”
Leveraging the power of mobile and digital technology, Mynt is pioneering initiatives that provide financial services that previously were not available to most Filipinos. It is currently the biggest mobile money base in the Philippines with over 3 million registered customers and ₱1 billion worth of transactions per week. Mynt is also the only company in the Philippines that serves as a one-stop shop for fintech services for consumers, merchants, and organizations through GCash and Fuse Lending. (Source: Globe Corporate Communications, Angel)
Posted by: Alicia Angelica L. Villanueva
Globe Telecom will continue to ramp up deployment of the 700 megahertz (MHz) band, with a target to increase utilization of the spectrum by more than 300%, in support of its bid to improve internet experience of its customers.
Globe President & CEO Ernest Cu said the company plans to roll out within the year the LTE 700 in close to 1,800 sites, more than three-fold increase from the 500 sites that it was able to deploy last year. “We continue to maximize the use of the previously unutilized 700 MHz because at the end of the day, our basic product is still the network. Globe has consistently delivered superior mobile services and as the country’s network of choice by smartphone users, we want to be able to stay ahead of the demand curve, taking into account our customers’ growing requirement for bandwidth-intensive content,” said Cu.
The plan is also in fulfillment of its target of providing mobile coverage to about 95% of cities and municipalities in the country within a 3-year period, as committed to the National Telecommunications Commission, explained Cu.
In addition to the LTE 700 sites, Globe is also expanding coverage and increasing capacities for 1000 sites using the 2600 MHz band. Globe gained access to the 700 MHz and obtained additional allocation in the 2600 MHz following a partial acquisition of San Miguel’s telecommunication assets. Prior to the acquisition, such spectrum assets were idle and unutilized.
According to Cu, the new LTE 700MHz and LTE 2600 MHz sites will be deployed in densely populated areas, mainly in Metro Manila, Metro Cebu and Metro Davao, where majority of customers using LTE-compatible devices are located. Globe began deployment of LTE sites using the 700 MHz band in June this year following a partial acquisition of San Miguel’s telecommunication assets, which also included spectrum resources in the 1800 MHz, 2300 MHz and 2600 MHz.
In line with its commitment to improve internet state in the country, Globe also plans to deploy 425,000 high-speed broadband bands within 2017 in line with target of rolling out 2 million home broadband lines with speed of at least 10 Mbps by 2020 in support of commitment to improve fixed internet in the country. To date, over 260,000 home broadband lines have already been deployed. Progressive roll outs will be done within the next 3 years until 2020 to serve at least 2 million homes.
Globe also deployed free WiFi services in 500 major areas of convergence that include airports, bus terminals, Ayala Malls, Starbucks chains, convenience stores and MRT and LRT stations, Cu added.
However, the company’s aggressive bid to expand its telecommunication infrastructure is being hampered by circuitous permitting process for the establishment of telecommunication infrastructure such as cell sites. For instance, Globe has a backlog of around 3000 sites amid difficulties in securing permits from various local government units, homeowner associations and other government agencies. (Source: Globe Corporate Communications, Angel)
Posted by: Alicia Angelica L. Villanueva
“The NBA All-Star Weekend is one of the most exciting sporting events in the world, and we want to create winning moments for our subscribers by bringing them where the action is,” says Martha Sazon, Senior Vice President of Globe At Home. “Watching an NBA All-Star game live is a once-in-a-lifetime experience that we want to share with the winning Globe broadband subscribers.”
Lucky broadband subscribers flew to New Orleans this weekend for the 2017 NBA All-Star festivities and got the MVP treatment with their tickets, accommodations, and airfares care of Globe At Home.
Late to news? Don’t fret! More subscribers will get a chance to watch live games in the U.S.! The next batch of winners will be drawn on February 27, 2017 where two winners will win two NBA regular season tickets with roundtrip airfare and hotel accommodations. The last batch of winners will be drawn on March 20, 2017 who will get to watch an NBA Finals game and the 2017 NBA Draft live!
“Globe At Home strives to create a seamless experience for all subscribers, and this extends to our promos as well,” says Sazon. “All of Globe At Home’s subscribers will be automatically added to the raffle with the NBA LEAGUE PASS.”
Subscribers to Globe At Home Plan 1299 and higher service offerings have six months of free access to NBA LEAGUE PASS. The NBA LEAGUE PASS is a subscription service that lets users watch NBA games live, complete with multi-game views in high-definition quality. Globe At Home subscribers are eligible to join the raffle by simply activating the promo code sent to their account. Broadband subscribers will get the same number of raffle entries as the denomination of the plan.
Join us as we celebrate the NBA All-Star Festival from February 18 to 19 at the Bonifacio High Street Activity Center, where you can catch the NBA All-Star Weekend live, participate in exciting on-court activities and exhibition games, as well as win amazing prizes.
For more information on Globe At Home, call 730-1010, visit www.globe.com.ph/broadband or the nearest Globe store. For more information about the NBA Fly Away Promo, visit www.globe.com.ph/surf/plan/nba/fly-away-promo. (Source: Globe Corporate Communications, Angel)
Posted by: Alicia Angelica L. Villanueva
Looking for an internet connection at home that gives you the flexibility you need for your family’s lifestyle? Globe introduces the Globe Prepaid Home WiFi. Enjoy a fast internet speed that’s 50% stronger, plus, stay connected and stream your favorite shows with no installation required and no monthly fees needed. Take it home with you for only P1,999 with 10GB free data allocation!
“We understand that our subscribers lead different lifestyles, so we’re offering more ways for them to enjoy our plans,” shares Martha Sazon, Senior Vice President of Globe At Home. “Our Globe Prepaid Home WiFi is perfect for those who do not want monthly fees but still want to provide the best for their families.”
With the Globe Prepaid Home WiFi, users can enjoy these through Globe’s various GoSURF promos, like GoSURF15 (40MB for two days), GoSURF50 (1GB for three days), GoSURF299 (1.5GB for 30 days), GoSURF599 (4GB for 30 days), and GoSURF999 (8GB for 30 days).
“Internet connection is becoming a necessity, and we’d like to offer the Globe Prepaid Home WiFi to everyone, regardless of budget and location,” says Sazon. “With this product we could bring home WiFi to more households,” she adds.
Globe Prepaid Home WiFi is now available in Globe stores nationwide. You can buy your prepaid home WiFi load at any Globe reloading stations nationwide. (Source: Globe Corporate Communications, Angel)
Posted by: Alicia Angelica L. Villanueva
Globe Telecom gained another recognition for coming out on top of Asiamoney’s Best Managed Companies poll for large-cap companies in the Philippines.
Companies were nominated on the basis of product/service innovation; rising market share; leadership in its industry; financial performance, consistency of performance; executive leadership and corporate governance. The poll covers the markets of Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Vietnam and the Philippines.
“This recognition affirms the company’s excellent execution of its strategy of providing customers not only with the most innovative products and services but also the best possible experience in terms of network speed and reliability,” said Globe Senior Vice President for Corporate Communications Yoly Crisanto said.
Last year, Globe was conferred the Frost & Sullivan Philippines Telecom Service Provider of the Year Award and Mobile Service Provider of the Year Award for having demonstrated exemplary growth and performance in 2015. Both awards were evaluated based on the number of subscribers, subscriber growth, revenue growth, EBITDA margin and net margin.
The company was also named by Frost & Sullivan Asia Pacific as Telecom Service Provider of the Year award for 2016, also in recognition of the company’s impressive business performance in the previous year. Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.
Globe delivered a record performance in 2015, surpassing the company’s previous year’s record performance, posting new highs in service revenues, EBITDA, and earnings. Even in the face of intense industry competition, the company registered broad-based data-driven growth across its key services. Globe solidified its leadership in the digital space by focusing on improving customer experience and by riding with the shift toward greater data consumption across all segments.
In 2016, Globe sustained the top line growth momentum as consolidated service revenues reached a fresh record of P120 billion, up 6% from the P113.7 billion recorded in 2015. The company’s effective efforts in providing market-relevant data offers, the best of breed solutions to cater to the evolving needs of its customers, backed by the significant improvements in its wireless and wired data networks, have paved the way for its continued success.
Globe also spent P36.7 billion in capital expenditures in 2016 to support the growing subscriber base and its aggressive data network expansion. Of the total capex, 65% was spent for data-related initiatives. This also include spends on the deployment for LTE on 700 MHz. (Posted by Alicia Angelica L. Villanueva)
Filipinos are known for their very hardworking character, spending most of their time in working to be able to provide for their family inevitably causing them to suffer pain and illnesses. Trying to save more money instead of using it for buying treatments and medicines, they would just endure the pain.
Instead of buying pain reliever medications, Filipinos look for cheaper alternatives to ease the ache caused by every hard work and effort they exerted. One of these alternatives that Pinoys commonly use is massage oil made of menthol or eucalyptus.
One example of this massage oil is the Brilliant Miracle Oil invented by Victor Tobias. It has started when he himself suffered from stroke. Through thorough and in-depth research, Tobias finds out that the every organ of the human body needs minerals such as zinc for the brain and manganese for the nervous system.
With the curiosity in mind and with what he has found out, Tobias invented Brilliant Miracle Oil which is made of and extracted from plants. From the word “brilliant” and “miracle”, Tobias comes up with the best description for the instant effectiveness of the oil.
“’Pag ginamit mo, instant ito e, instant result. Brilliant na lang siguro, kasi magaling talaga…’Pag gumamit ka ng brilliant oil, makakaranas ka ng amazing result, now na,” he explained.
As a proof of the effectiveness of the Miracle Oil, Tobias testified that for just two weeks, he has started to recover from stroke and after two months, he is fully recovered. He said, “Two weeks pa lang ako nito na gumagamit, finormulate ko ito, maganda na agad ang epekto sa’kin. Tapos two months, fully recovered ako.”
To help other people who are suffering from pains and illnesses, experiencing the usefulness of the miracle oil for a short period of time, Tobias shares the magic of the Brilliant Oil to others. Surprisingly, the brilliant oil effectively treated some people who have arthritis, rheumatism, wound, burn, and body aches with just a few seconds.
“Kung meron ka nito, botika sa isang bote…Kapag binulsa mo ‘to, para kang may botika sa bulsa,” said Tobias.
In fact, one of the users who testifies the effectiveness and efficiency of the Brilliant Miracle Oil is Dr. Jylene Dizon, who accidentally discovers the magic of the oil.
She tries it one time for her headache and surprisingly, the pain has disappeared in an instant with just a rub on her forehead. Now, practicing acupuncture in her clinic, she also recommends it to her patients who are suffering body pains whether young or old.
“I have a lot of patients and experiences already with this Brilliant Miracle Oil…It’s very miraculous talaga,” Dr. Dizon shared.
Brilliant Miracle Oil comes from different sizes and forms such as roll on for eyes, perfume, hair grower, facial cream, and as energy drink (coffee and chocolate)
As different illnesses and diseases continue to spread and grow anytime, it is a good thing for a person to immediately treat himself especially when he is alone.. However, with just one bottle of the Brilliant Miracle Oil, with just one rub of it, you do not have to endure the pain and you can now say goodbye to body aches. (Charles Arvin E. Dantes & Alicia Angelica L. Villanueva)