Industry News

In 2024, Globe achieved impressive financial results by setting a new record in consolidated gross service revenues of PHP 165 billion, showing a 2% increase compared to the previous year. This growth was mainly driven by increases in mobile revenue, which reached a record PHP 116.7 billion (over USD 2 billion), and corporate data revenue, which hit PHP 20.4 billion, marking an 11% rise. Together, these two segments accounted for 83% of total consolidated gross service revenues, up from 81% in 2023.

Meta is set to bring ‘Project Waterworth,’ the world’s longest undersea cable system, to India (one of its key markets). The 50,000-kilometer subsea cable, expected to be operational by the end of the decade, will span five continents.

China Unicom has announced its 5G-Advanced Action Plan, aiming to roll out 5G-Advanced services in the central areas of 39 key cities and locations in over 300 other cities by the end of 2025.

Nokia has announced that CAMGSM PLC, also known as Cellcard, will upgrade its fiber network from GPON (Gigabit Passive Optical Network) to XGS-PON (10 Gigabit Symmetrical PON) using Nokia's Lightspan and Altiplano broadband solutions.

South Korea is set to build the world's largest AI data center by capacity, reinforcing its position as a global technology leader.

Alibaba Cloud has opened its second data center in Thailand. This new data center aims to meet the growing demand for cloud computing services, especially for generative AI (GenAI) applications, and support the government's digital innovation initiatives and sustainable technology development.

Healthcare facilities are currently experiencing staff shortages, coupled with an increase in patient numbers, necessitating the need for innovative artificial intelligence (AI)-driven solutions.

Globe Telecom Inc. (Globe) and GoTyme Bank have joined forces to share data in order to enhance protection against scams that can lead to financial losses for victims. The two companies have signed an agreement to exchange mobile numbers, names, and addresses that may be associated with fraudulent activities.

China Telecom has officially announced that the Asia Direct Cable’s (ADC) capacity, an international submarine cable project led by China Telecom, is now in service ahead of schedule.

Indosat Ooredoo Hutchison (Indosat) had a successful year in 2024, displaying strong growth in both the financial and operational areas.