Globe Telecom, Inc.
GTMEY
Other OTC23.12
USD
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Globe Telecom, Inc.
GTMEY
(Other OTC)
Recent
price
23.12
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Globe Telecom, Inc. (GTMEY) provides telecommunications services to individual consumers, corporate clients, and small and medium enterprises in the Philippines. The company offers digital wireless communications under the Globe Postpaid, Globe Prepaid, and Touch Mobile brands; digital mobile communication and internet-on-the-go services; voice, SMS, data, and value-added services including inbound and outbound short messaging, content downloading, mobile commerce, and add-on services; international long distance and carrier services; fixed line voice, wired and fixed wireless broadband, and home broadband services; corporate data and end-to-end data solutions; electronic payment and remittance services under the GCash brand; cloud software development, technical and IT consulting, e-book solutions, support and industry-specific solutions; data center management; and venture capital funding, digital marketing solutions, shared services, marketing and distribution, land holding, and tower activities. Incorporated in 1935 and headquartered at The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig City, Philippines, Globe Telecom operates nationwide through a fully digital network serving 60.9 million mobile subscribers, 1.74 million home broadband customers, and over 711 thousand landline subscribers, with key subsidiaries including Innove Communications, Inc., Electronic Commerce Payments, Inc. (GCash), Yondu, Inc., Bayan Telecommunications, Inc., and Kickstart Ventures, Inc. Recent developments include the completion of a PHP45 billion sale of telco towers to a KKR unit in September 2025, bringing total tower divestments to 6,628 sites and generating PHP85.2 billion in proceeds since 2022 to enhance financial flexibility and network expansion; a March 2025 joint venture with NCS establishing NCS Philippines through acquisition of a majority stake in Yondu for PHP134 million to expand digital, cloud, data, and AI services; ongoing tower monetization with 6,945 sites sold by August 2025 raising PHP89.3 billion; and PHP31.4 billion in capital expenditures during the first nine months of 2025 focused on infrastructure and digital platforms.