Globe Private 5G Launch and International Partnership Drive Stock Growth. Globe Telecom, Inc. has recently achieved significant milestones, boosting its market performance and demonstrating its commitment to innovation. The company shares surged last week, fueled by the launch of its private fifth-generation (5G) network and an expanded international partnership for financial services.
Globe Stock Performance
Data from the Philippine Stock Exchange (PSE) reveals that Globe Telecom ranked as the 13th most actively traded stock last week. A total of 206,520 shares were traded, amounting to ₱469.52 billion. The company’s stock price closed at ₱2,300 on Friday, reflecting a 6.3% increase from its ₱2,164 finish on January 3, 2025. Since December 27, 2024, Globe’s stock has climbed by 5.3%.
Jasper Timoteo A. Ondap, equity analyst at Regina Capital Development Corp., attributes this rise to Globe’s business-to-business (B2B) 5G network deployment.
Private 5G Network Rollout
Globe launched the first private 5G network in the Philippines, setting a new benchmark for secure and high-speed connectivity tailored to enterprise needs. The network was initially deployed at Globe’s facility in Makati City and is designed to enhance operations for industries such as ports, mining, and manufacturing.
“This milestone demonstrates our drive to provide cutting-edge connectivity solutions that cater to the varying needs of our clients,” said Gerhard Tan, Globe’s Senior Director and Head of Technology Strategy and Innovations.
Industry analysts believe this 5G network will help streamline enterprise operations, fostering growth across multiple sectors.
Global Partnership with Ria Money Transfer
Globe further strengthened its international presence through a partnership between GCash and Ria Money Transfer, a subsidiary of Euronet Worldwide, Inc. This collaboration enables users in the US, Australia, Europe, and Singapore to send remittances directly to GCash wallets, eliminating the need for overseas accounts.
Paul Albano, GCash International General Manager, emphasized the importance of this partnership:
“We’re continuing to strengthen partnerships around key corridors so we can help Filipinos wherever they may be. We are also expanding our presence in Ria money transfer stores worldwide to grow with Ria.”
GCash currently operates in 16 international markets, supporting the growing remittance needs of overseas Filipino workers (OFWs). This initiative is expected to attract new users and drive revenue growth.
Impact on Globe Revenue and Market Position
Globe holds a 36% ownership in Mynt, the parent company of GCash. Analysts predict that Mynt’s robust growth and expanding subscriber base will significantly boost Globe’s earnings.
In the third quarter of 2024, Globe reported consolidated revenues of ₱45.12 billion, marking a 1.9% increase year-over-year. Net income attributable to parent company shareholders rose by 21.3% to ₱6.02 billion.
According to Jash Matthew M. Baylon, an analyst at First Resources Management and Securities, Globe’s strategic initiatives, including its 5G and LTE expansions, will likely drive a 3-4% revenue increase.
Investor Sentiment and Market Outlook
Simultaneous developments, such as the private 5G launch and the Ria partnership, have positively influenced investor sentiment. Analysts peg support levels for Globe’s stock between ₱2,160 and ₱2,180, with resistance ranging from ₱2,390 to ₱2,400.
Conclusion
Globe focus on innovation and global collaboration positions it as a leader in both telecommunications and financial services. With ongoing investments in digitalization and enterprise solutions, Globe Telecom is set to achieve sustained growth and profitability.