The company said that its mobile subscriber base surged to 27.3 million, a 14% increase from last year’s 23.9 million and 3% higher than the previous quarter.
Consolidated service revenues reached P16.5 billion, 8% more than last year’s P15.2 billion, representing the highest quarterly service revenues in the company’s history on a normalized basis.
Globe also announced it has maintained its leadership in the mobile postpaid segment with over 120,000 gross acquisitions as of first quarter of the year, a 52% increase from last year, bringing total subscriber base to over 1.1 million, up 30% year-on-year and 8% quarter-on-quarter. Postpaid revenues stood at P3.6 billion, 10% higher than last year.
Globe reinforced its service offering with the ALL NEW My Super Plan, that allows customers to select and design their postpaid plans based on their choice of either an All-Unlimited Plan or All-Consumable Plan, pick monthly add-on unlimited services, choice of freebies and the latest handsets and device bundles for free or at a discount to new postpaid subscriptions.
Globe also pioneered My Super Txt All, the first-ever unlimited text service to all networks, which can also be a monthly add-on service for the ALL NEW My Super Plan.
On its prepaid business, Globe ended the first quarter with a subscriber base of 26.2 million, up 14% compared to last year and 3% against last quarter. Total prepaid revenues were P9.4 billion, up 2% from last year.
For its prepaid subscribers, Globe enhanced its first-in-the-market, bucket, all-network text offering Super All Txt 20 by providing 250 all-network text messages from just 200 messages during its launch in August last year.
The service stays at the same price of P20 per day. The company’s unlimited, intra-network call and text offer SuperUnli continued to be a main growth driver, enabling subscribers to stay connected with their friends and loved ones all they want at a very affordable deal of P25 a day.
Fixed line and broadband revenues also surpassed last year’s numbers by 26% with P3.4 billion in revenues. The broadband business similarly sustained its growth with a subscriber base of 1.2 million as of end-March 2011, a 40% increase from last year and 10% from the previous quarter.
Wireless broadband subscribers now account for 78% of the total broadband subscriber base, up from 72% a year ago, the company said.
Globe posted a net income after tax of P3 billion for the first quarter of the year, representing a seven-quarter high for the company, with a 1% increase from last year and 30% higher from the previous quarter.
