MANILA, Philippines - Globe Telecom said its customer base reached close to 45 million at the end of the first half of 2014, a new record high.
This was also 19 percent higher than the 37.9 million subscribers it had during the same period in 2013.
"Aggressive acquisitions in both the postpaid and prepaid business, complemented by robust demand for data connectivity, buoyed the company’s overall customer uptake. The company’s growing 3G and 4G coverage is expected to further support subscriber growth moving forward,” Globe President & CEO Ernest Cu said.
Globe said it has achieved 100 percent 3G coverage for its entire network, and it expects its network to be fully equipped with the more advanced 4G HSPA+ technology by the end of the third quarter.
Globe's mobile customer base reached 42.7 million in the January to June period, as it continued to lead in the postpaid segment.
As of end-June, Globe had 2.1 million postpaid customers, 10 percent higher than the 1.9 million a year ago. Globe Postpaid reported gross additions rose 12 percent to 389,695 for the first six months of the year.
Meanwhile, Globe Prepaid recorded gross acquisition of 7.9 million in the first half, an increase of 27 percent to bring total prepaid subscribers to 19.3 million. This was attributed to the company's extended free Facebook promo, as well as TM's aggressive acquisition efforts. As of end-June, total prepaid customers stood at 40.6 million.
For its broadband business, Globe said its total customer base reached 2.2 million at the end of the second half, driven by a 27 percent increase in wireless broadband and 12 percent customer growth in fixed broadband business.