Globe Telecom is doing well by cleaning up its subscriber list, getting rid of inactive users. This move has led to a big boost in their average revenue per user (ARPU) in the third quarter.
ARPU in the prepaid segment went up by 27% to PHP121, and for the low-cost option TM, it surged by 35% to PHP84. This means Globe is making more money from each subscriber.
- Globe Disables a Total of 58,000 SIM
- Globe Escalates Efforts to Combat Spam and Scam Messages
- Globe Expands 5G Coverage to Enhance Connectivity Across Regions
- Globe Telecom Sells 29 Towers for PHP348 Million
Darius Delgado, Globe’s head of consumer mobile business, credits this growth to removing inactive users as part of complying with the SIM Registration Act.
Although their customer base dropped to 54.7 million from 86.75 million before SIM registration, Globe’s service revenues from the mobile business rose by three percent to PHP83.18 billion in the nine months to September, because more people are using data across the country.
However, Globe’s overall net income fell by 27% to PHP19.29 billion due to increased expenses, like dealing with inflation.
Globe plans to spend PHP72 billion this year, mostly on infrastructure projects to improve services for subscribers.