Skip to main content

Globe board OKs P22/share cash dividend; allots capex of up to $750M for 2016

Globe Telecom said its board approved the declaration of a first quarter cash dividend of P22 per share for common shares.  The dividend will be paid to shareholders on record as of February 22, 2016, with payment date on March 4, 2016. 
“The dividend payout is in line with the policy of distributing 75%-90% of prior year’s core net income,” said Rizza Maniego-Eala, Globe Acting Chief Finance Officer, adding the quarter’s dividend payment totals about P2.9 billion. On an annualized basis, the dividends represent a payout of 77% of 2015 core net income. 

Notwithstanding its dividend payment, Globe is also allocating a capital expenditure of up to $750 million for 2016, of which majority will be related to data, including  spend for deployment of LTE mobile and LTE @Home, increased network capacities and coverage as well as enhancement of fixed line data infrastructure and transmission facilities.  The company’s aggressive stance to continue investing in its network reach and capacity is geared towards enhancing its customers’ digital lifestyle.

Globe Telecom’s spending for its network infrastructure is one of the highest among Asian operators over the last two years, as it devotes up to 24% of annual revenues for its infrastructure build. Based on publicly available regulatory reports, Globe had a capex to revenue ratio of 28% in 2015, and 27% in 2014 for both wireless and wireline, which were higher than the Philippine telecommunications industry average of 23% in both 2015 and 2014.

Globe Telecom posted consolidated service revenues of P113.7 billion, 15% higher than the P99.0 billion reported a year ago, supported by solid growth in data consumption across all segments as well as consolidation of the results of Bayan Telecommunications in the second half of the year.  Net income in 2015 totaled P16.5 billion, up 23% from P13.4 billion recorded a year earlier.

The company said that sustained customer uptake in both mobile and broadband and increasing demand for mobile data and high-speed internet connectivity also provided support for Globe Telecom’s revenue growth. Even excluding Bayan’s revenues in the second half of 2015, the company’s consolidated revenues reached P110.8 billion, up 12% from a year earlier.

Comments

Post a Comment

Check out more...

The Little Mermaid’ makes a splash onto the screens of SM Cinemas

The much-awaited live-action reimagination of Disney’s classic, ‘The Little Mermaid,’ is currently showing at SM Cinemas nationwide.  Dive into a world of underwater adventure, finding love, and realizing dreams with Ariel, portrayed by American singer-songwriter, Halle Bailey. Swim with the young mermaid as she trades her voice for legs so she can discover the world above water. At SM Cinemas, movie screens are equipped with cutting-edge technology that offers the highest quality of pictures and sounds. Be a part of Ariel’s world through the SM IMAX experience of crystal-clear scenes, with a wider view of life under the sea. Watch films on a state-of-the-art screen that is twice the size of a regular cinema where one can feel the crashing waves through a cinematic surround sound system. The comfort and convenience of moviegoers have always been a top priority. The plush seating, spacious theaters, and efficient ticketing systems ensure that the movie-watching experience is hassle-free
Post a Comment
Read more

5 moments that made the 2022-23 NBA Season epic

Rewatch the season that was – and more – with NBA League Pass powered by PLDT Home!   The 2022-23 NBA season has been nothing short of epic. From the league’s best players cementing their legacies to teams achieving historic feats, the NBA has provided some of the best storylines throughout the year – all of which Filipino fans can revisit through NBA League Pass powered by PLDT Home. As the season culminated with the Denver Nuggets dominating over Miami Heat, 4-1, here’s a look back at some of its best moments: 1.  Big trades shock the league An NBA season isn’t complete without teams making huge moves before and at the league’s trade deadline. The Dallas Mavericks made the first big move, trading Spencer Dinwiddie and Dorian Finney-Smith to the Brooklyn Nets for Kyrie Irving, adding another superstar to their team to back up Slovenian superstar Luka Doncic.   However, the biggest trade was completed during the deadline, when the Phoenix Suns landed Kevin Durant in a massive four-team
Post a Comment
Read more

#Gcash users can now go cashless on their next Euro trip thanks to Alipay+ partnership

GCash users can now opt for a hassle-free, cashless payment method on their next Euro trip as the Philippines’ leading mobile wallet is now accepted in Europe’s top travel destinations, including the United Kingdom, France, Germany, and Italy. This cross-border payment service is part of the e-wallet’s strengthened collaboration and partnership with Alipay+ to offer a seamless and secure payment experience, as well as real-time foreign exchange (forex) with no service fee, allowing customers to a hassle-free and rewarding travel experience abroad. Among the key merchants and stores that can accept GCash via Alipay+ are Harrods, Liberty London, and Harvey Nichols in the UK; Printemps in France; Müller and dm-drogerie markt in Germany; as well as itTaxi, and IVS Group, the leader in the vending machines market, in Italy. “In line with our fervent commitment to make our customers’ everyday lives better and more convenient, we want to make sure that they can maximize their GCash account no
Post a Comment
Read more

Enjoy an all-in-one Unli Internet plan at home with PLDT Home

What  better way to  enjoy everything at home  with a broadband plan that  gives   you an  all-in-one unlimited  access to  the  internet,  Pay  TV, and  mobile services .    The new  PLDT Home  Fiber  Unli  All plan  offer s  the best value for money  with a bundled package that comes with unlimited fiber internet,  unlimited entertainment content from Cignal TV, and unlimited calls to PLDT, Smar t a nd TNT.    Here’s a quick breakdown of the new Fiber  Unli  All plans available and their internet speeds: Whether you   want to stream your favorite videos, TV series, and movies ,  the  new Fiber  Unli  All plans deliver what  the whole family wants  with the fast broadband internet and a wide range of  entertainment  options on premium  Pay  TV.  With the Philippines’ largest  Pay  TV provider   Cignal ,  the new Fiber  Unli All plans also give families a wide selection of high-definition channels and content ranging from sports, kids, and documentaries.   The Fiber Unli All plans are
Post a Comment
Read more

DICT, GeeksPH bolsters PH startup scene with 6th Geeks on a Beach in Panglao

The Department of Information and Communications Technology (DICT) and GeeksPH announced the revival of Geeks on a Beach (GOAB) after a four-year break and is set to happen in Panglao, Bohol on November 23-24, during the Philippine Startup Week 2023. The two-day international conference, known for leveraging Philippine tourism and ICT Industry expertise, will gather hundreds of entrepreneurs, investors, innovators, and globally-acclaimed startup ecosystem players to showcase the country’s startup achievements in both local and international scenes. GOAB 2023 will offer plenary sessions exploring potential investment opportunities and breakout sessions that will focus on sector-specific topics like Fintech, EduTech, HealthTech, AgriTech, and ClimateTech and other category-specific themes centered around youth and women. The event will also feature emerging technologies discussion, pitching fest, business matching, investors’ roundtable, and exhibits from various stakeholders. To cap off
Post a Comment
Read more