COMPANY PROFILE -Globe Telecom Inc.
Business Sector :Telecommunication
Operating Geography :Philippines
About Globe Telecom Inc. :
Globe Telecom, Inc. is a full-service telecommunications company, founded in 1935 and is headquartered in Manila, Philippines. The company provides a wide-range of products and services including mobile, fixed, broadband, data connectivity, internet and managed services to individual customers, small and medium-sized businesses, and corporate and enterprise clients. It operates its business into three segments: Mobile Business, Fixed Line and Broadband Business. The Mobile Business offers services which includes mobile voice, mobile short message service (SMS), mobile browsing and value added services. These services are offered to mobile subscribers through brands such as Globe Postpaid, Globe Prepaid, and TM. Mobile payment and remittance services are also available through GCash brand. The Fixed Line and Broadband Business segments provide a wide-range of fixed line communication services, wired and wireless broadband access, and end-to-end connectivity solutions. Globe mainly focuses on financial technology, digital marketing solutions, venture capital funding for startups and virtual healthcare. As of December 2020, the company has approximately 8,300 employees. Globe Telecom was recognized as the “Fastest Growing 5G Network Service provider” by the 2021 International Finance Awards (IFA)
Globe Telecom’s unique selling point or USP lies in being the largest mobile network operator in the Philippines and one of the largest fixed line and broadband networks in the country. Globe Telecom’s mission statement reads, “We create wonderful experiences for people to have choices, overcome challenges and discover new ways to enjoy life.”
Globe Telecom Inc. Revenue :
146.39 billion pesos - FY ending 31st December 2020 (y-o-y growth -2%)
149.01 billion pesos - FY ending 31st December 2019
Competitive Analysis of Globe Telecom Inc.
The SWOT analysis for Globe Telecom is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Leading telecommunication service provider in Philippines
2. Strong commitment towards meeting ESG requirements
3. Strong financial performance and shareholder returns
4. Good employee engagement and training facilities
5. Strong network of business partners and affiliates
| 1. Low presence in other Asian countries
2. Difficulty in receiving permits for tower constructions
3. Loss of market share due to PLDT’s strong network strength
|
Opportunities | Threats |
1. Expanding offerings in telehealth sector
2. Leverage opportunities in fast-growing e-commerce market
3. Enter strategic partnerships to expand business
| 1. Closure of business due to COVID-19
2. Increased frequency of cyber-attacks
3. Booming 5G market attracting many new entrants
|
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Detailed SWOT Analysis of Globe Telecom Inc.
Strength
1. Leading telecommunication service provider in Philippines: Globe Telecom is recognized as one of the leading telecommunication service provider in the Philippines. The company provides telecommunications and technology services including products and services such as mobile, fixed, broadband, data connectivity, internet and managed services. Globe primarily focuses on financial technology, digital marketing solutions, venture capital funding for startups, and virtual healthcare. It has approximately 8,300 employees and more than 1.1 million retailers, distributors and business partners that enables the company to better serve its customers. In 2020, the company held approximately 76.6 million prepaid and postpaid mobile subscribers and about 3.8 million home broadband customers. Through its 780 roaming partners and 237 global calling destinations, Globe enables its customers to connect whenever and wherever they want.
2. Strong commitment towards meeting ESG requirements: Globe Telecom has a dedicated Environmental Sustainability Policy and an Environmental Management System Certification. Globe Telecom has also committed to reach net-zero emissions according to the plan laid down by the GSMA and UNFCCC. Globe has also attained a rating of B- in CDP 2020 Climate Change Questionnaire and a rating of A in MSCI 2020 ESG Disclosure. Globe Telecom has already achieved carbon neutrality in seven of its global corporate offices and has managed to save over 781.4 tons of paper by shifting to paperless billing. Globe also has a long-standing recycling program where they regularly recycle and safely dispose solid and electronic waste to minimize the harmful impact of business operations on the environment. In 2020, Globe Telecom made it to the FTSE Russell index’s FTSE4Good Index Series for the fifth consecutive year. The FTSE4Good is an index that comprises of companies who are focused on making sustainable investments and adapting their business practices to reach climate goals. Globe is also the first Filipino company to extend equal employee benefits to members of the LGBTQ+ community.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Globe Telecom is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. Financial aids by governments to aid economic recovery
2. Digitalization programs by governments to protect small businesses
| 1. Recession in Philippines’ economy due to pandemic
2. LIBOR will no longer be used as a benchmark for global transactions by end of 2021
|
Social | Technological |
1. High unemployment rate in Philippines
2. Increasing demand for digital services
3. Growing adoption of digital payment methods (24)
| 1. Rising demand for 5G services
2. Innovations in cloud-based infrastructure
3. Increasing dependence of AI driven technology reduces jobs
|
Legal | Environmental |
1. Rising number of data protection laws | 1. Strong commitment towards meeting climate targets
2. Rise in electronic waste generation
|
On purchase the Globe Telecom Inc. SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed Pestle Analysis of Globe Telecom Inc.
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
1. Rising demand for 5G services: According to the study conducted by Cisco, the revenues of the telecom companies in Philippines are likely to increase by approximately $650 million by 2025 due to the rollout of 5G network. Kearney, an American global management consulting firm, conducted a study showing that the advent of 5G network will result in 50 times higher internet speed in the country. In order to achieve this speed, companies need to adapt three distinctive features: high throughput, ultra-low latency and low power connectivity. Although, Filipinos are the highest social media users they have an internet speed of around 15 Mbps which is less than the global average speed. In 2020, Globe Telecom launched 5G network in the country, with an aim to offer high speed internet to the people residing in the key urban areas of the country.
The remaining section under "Technology" is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- PLDT
- Ayala
- SK Telecom
- Alpha Networks
- DITO
Major Brands :
- Electronic Commerce Philippines Inc
- Bayan Telecommunications
- GCash
- Innove Communications
- Yondu
- Vega Telecom
On purchase the Globe Telecom Inc. SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Globe Telecom Inc. Porter's Five Forces Analysis |
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Globe Telecom Inc. VRIO Analysis |
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Globe Telecom Inc. Value Chain Analysis |
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Globe Telecom Inc. Covid-19 Impact Analysis |
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Globe Telecom Inc. BCG Analysis |
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Globe Telecom Inc. Segmentation, Targeting and Positioning (STP) Analysis |
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Globe Telecom Inc. Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in Globe Telecom Inc. SWOT & PESTLE Analysis Report
1. 2020 Integrated Report - https://www.globe.com.ph/content/dam/globe/brie/About-us/sustainability/documents/GLO_IR2020.pdf
2. Globe Makes it to FTSE4Good Index Series for 5th Consecutive Year - https://www.globe.com.ph/about-us/newsroom/corporate/ftse4good-index-series-5th-year.html#gref
3. Audio Quick Take: Globe Telecom’s Ernest Cu on Adapting to New Customer Habits - https://hbr.org/sponsored/2021/03/audio-quick-take-globe-telecoms-ernest-cu-on-adapting-to-new-customer-habits
4. Fitch Affirms Globe Telecom at 'BBB-'; Withdraws Ratings - https://www.fitchratings.com/research/corporate-finance/fitch-affirms-globe-telecom-at-bbb-withdraws-ratings-28-01-2021
5. Telehealth: A quarter-trillion-dollar post-COVID-19 reality? | McKinsey - https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/telehealth-a-quarter-trillion-dollar-post-covid-19-reality
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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Globe Telecom SWOT and PESTLE analysis has been conducted by Anangsha Saha and reviewed by senior analysts from Barakaat Consulting.
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