ABS-CBN News

MANILA - Globe Telecommunication&rsquo s net income hit P13 billion for the first 6 months of 2021, higher by 13 percent compared to the same period last year, it said Friday.

Consolidated services revenues reached P75.5 billion for the first 6 months of the year, up 4 percent compared to the same period last year.

&ldquo Given that the health crisis has changed the Filipino lifestyle across work, education, entertainment, gaming, health, socializing, and purchasing habits, the time spent on mobile applications increased even more,&rdquo Globe Telecom said. 

Data, home broadband and the increase in digital activities during the COVID-19 pandemic are among the growth drivers for the period, the telco said.

Mobile data revenues hit P38.6 billion for the first half, while home broadband&rsquo s revenues reached an " all-time high" of P14.5 billion, it said. 

&ldquo We are pleased to report strong financial operating results for the first half of 2021 with a healthy balance sheet and cash flows despite the reimposition of stricter lockdowns during the second quarter,&rdquo Globe president and CEO Ernest Cu said.

Globe said its total mobile subscribers reached 81.7 million while its broadband subscribers totaled 4.2 million. 

It has also spent a total of P43.3 billion in capital expenditure as of June, Globe said. 

Globe, along with PLDT' s Smart Communications and DITO Telecommunity will implement the mobile number portability in September, which will allow consumers to switch providers without changing their numbers.