With more and more sectors of the country embracing the new normal, Globe remains optimistic that strong data demand will continue for the rest of the year.
While most companies are reeling from the economic impact of the COVID-19 pandemic and its resulting quarantine protocols and travel restrictions, mobile data revenues turned in P35.8 billion in the first six months of 2020. As more customers spend their time online, whether because of work at home schemes or simply using the internet for business, entertainment and online learning mobile data traffic soared by 45% to 1,106 petabytes.
“Data continues to be a bright spot for business, as demand remains strong and steadily growing. Especially at this time of pandemic internet access serves as a lifeline for many Filipinos. People use the internet to do work from home, conduct business, make payments, and homeschooling, among others. We expect this trend to continue until the rest of the year,” said Ernest Cu, Globe President and CEO.
Globe’s home broadband business also boosted Globe’s efforts to absorb the impact of the pandemic by turning in P12.5 billion or a 19% surge compared to the P10.6 billion mark it posted in the same period of last year. Its Home Broadband subscriber base reached nearly 2.9 million and will continue to grow as more households gear up for working and learning from home and more are expected to follow suit as public schools reopen in October.
“The potential of home broadband remains a source of inspiration for us. This segment is largely untapped so there are a lot of households that are looking to be connected. We hope to fill this demand with our aggressive network roll out in the second half not only in urban areas but even in provinces all over the country,” added Cu.