Almost a year after Globe Telecom acquired about half of San Miguel Corp.’s 700-megahertz (MHz) frequency band, the telecommunication giant has been aggressive in building new infrastructure, taking advantage of its new spectrum.
The Ayala group-owned telco is set to build 4,500 LTE or 4G sites nationwide in the next three years for better internet service for its users. In 2016 alone, the company has already rolled out 500 new LTE sites mostly in Metro Manila.
The highly coveted spectrum has allowed the company to build new sites that would helpfully improve its telecom’s connectivity performance. According to the US Federal Communications Commission, the 700 MHz can “penetrate buildings and walls easily and can cover larger geographic areas with less infrastructure (relative to frequencies in higher bands).”
Globe Telecom is allotting $750 million for its expansion plans this year, with 1,700 new LTE sites expected to be up by the end of 2017.
For the second consecutive year, Globe Telecom reported all-time high service revenues, ending 2016 with almost Php120 billion, six percent higher than the previous year’s record of Php113.7 billion. Its subscribers have also increased to 62.8 million, gaining 50 percent of the market share.
Elysse Christine Lopez is a staff writer of Entrepreneur PH. Follow her on Twitter @elyssalopz