GLOBE TELECOM, Inc. said on Thursday it would also be launching fifth-generation (5G) roaming services in North America and Europe.
To recall, the Ayala-led telco announced on March 10 that it would be launching 5G in more parts of Asia and the Middle East for its customers traveling abroad, especially overseas Filipino workers.
On Thursday, Globe said in an e-mailed statement: “The recent launch of Globe’s 5G roaming services in the United Arab Emirates and Thailand are set to continue with upcoming launches across Asia, Middle East, North America, and several countries in Europe.”
Globe, the first telco to offer the latest generation of wireless technology in the Philippines, said its 5G is currently available in 1,200 areas in the country.
Globe previously reported a 13.04% decline in its core net income for 2020, mainly because of the impact of the coronavirus pandemic on its businesses except for the home broadband segment.
The company’s EBITDA (earnings before interest, taxes, depreciation and amortization) for 2020 totaled P73.51 billion, down 3.31% from P76.03 billion in the previous year.
The company set a capital expenditure (capex) budget of about P70 billion for 2021, higher than the previous year’s revised capex guidance of P50 billion.
Globe Telecom shares closed 0.52% lower at P1,900 apiece on Thursday. — Arjay L. Balinbin