|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.00 - 38.00|
|52 Week Range||34.04 - 43.98|
|Beta (3Y Monthly)||0.13|
|PE Ratio (TTM)||16.32|
|Forward Dividend & Yield||1.75 (4.60%)|
|1y Target Est||N/A|
Philippines' Globe Telecom Inc on Thursday launched Southeast Asia's first 5G broadband service, with embattled Huawei Technologies Co Ltd providing the equipment, a win for the Chinese firm despite cybersecurity worries from Western nations. The telecoms firm aims to offer high-speed internet to tens of thousands of homes and offices in key urban centers as part of its $1.2 billion capital spending this year, Alberto de Larrazabal, Globe's chief commercial officer, told reporters. Globe would use Huawei's equipment like radios and modems to deliver 5G quality broadband internet, he added.
Paying some of Asia's highest telecom charges while suffering slow Internet and frequent dropped calls, Filipinos will expect better service once the government picks a new entrant to break a duopoly in a market worth $5.1 billion annually. Having warned Globe Telecom and rival Smart, owned by PLDT, two years ago that he would open the door to competition unless they improved, President Rodrigo Duterte's patience ran out. On Wednesday the government open an auction for a licence, and by the end of the year there should be a third operator in the Philippines, a lucrative market of 105 million people.
Feb.11 -- Ernest Lawrence Cu, chief executive officer at Globe Telecom, discusses full-year earnings, his outlook for 2019, competition in the industry, the U.S. criminal case against Huawei and 5G technology. He speaks exclusively on “Bloomberg Markets: Asia.”