Welcome to our dedicated page for GLOBE TELECOM UNSP/ADR news (Ticker: GTMEY), a resource for investors and traders seeking the latest updates and insights on GLOBE TELECOM UNSP/ADR stock.
GLOBE TELECOM UNSP/ADR (symbol: GTMEY) is a leading full-service telecommunications company in the Philippines. Publicly listed on the PSE with the stock symbol GLO, Globe serves the telecommunications and technology needs of consumers and businesses. It offers a wide range of products and services, including mobile, fixed, broadband, data connectivity, internet, and managed services. With major interests in financial technology, digital marketing solutions, venture capital funding for startups, and virtual healthcare, Globe is committed to implementing universal sustainability principles. The company's principals are Ayala Corporation and Singtel, recognized industry leaders in the country and the region.
Globe, the Philippines' leading telecom and digital solutions platform, has maintained its MSCI ESG Rating of 'AA' for the second consecutive year, solidifying its position as an ESG leader. The company has made significant strides in decarbonization, achieving an 18% reduction in emissions in 2023 through various green initiatives. Globe has also implemented robust cybersecurity measures, investing approximately US$101.2 million since 2015.
The company offers comprehensive employee benefits, including innovative programs like the myChoice FlexBen Program and the G-Evolution Program. Globe's commitment to sustainability is reflected in its ESG-linked incentives for executives and employees. The consistent 'AA' rating demonstrates Globe's dedication to ethical business practices and its role as a responsible corporate citizen.
Globe, a leading telecom and digital solutions provider in the Philippines, has signed a Memorandum of Understanding (MOU) with the GSM Association (GSMA) to enhance the interoperability and delivery of mobile services globally. This partnership grants Globe access to the GSMA Open Gateway, an API facility enabling rapid service deployment through a common set of APIs. This collaboration will drive digital innovation and significantly leverage 5G networks' full potential. The initiative involves 40 mobile network operators and includes eight network APIs that enhance security, authentication, and real-time connectivity. Globe aims to use these APIs across various sectors, including eHealth, agritech, education, entertainment, and transportation, to improve user experiences and generate new revenue streams. This strategic move aligns with Globe's mission to solve customer issues at scale and optimize its 5G network for IoT and other advanced services.
On June 10, 2024, Globe, a leading telecom and digital solutions provider in the Philippines, announced a partnership with the United Nations World Food Programme (WFP) to globalize its hunger alleviation initiative, the Hapag Movement.
Launched in 2022, the Hapag Movement has helped over 95,000 people and trained 2,662 individuals in livelihood skills. The collaboration aims to attract international donors, with Globe leveraging its extensive network to combat hunger in the Philippines. This partnership aligns with the UN's Sustainable Development Goal 2: Zero Hunger.
Recent surveys indicate that nearly 4 million Filipino families experienced involuntary hunger in early 2024, with child stunting affecting one-third of Filipino children. Globe's initiative will support programs like school meals and the Walang Gutom 2027 Food e-Voucher Program, addressing child malnutrition and future productivity losses.
Donations can be made via the Hapag Movement challenge link on WFP's ShareTheMeal platform, GlobeOne app, and GCash.
On February 8, 2022, Globe, in partnership with UNICEF and IWF, marked Safer Internet Day to combat Online Sexual Abuse and Exploitation of Children (OSAEC) in the Philippines. The event aimed to raise awareness and heightened cooperation among various sectors. Globe has invested over US$2.7 million in content filtering systems to combat child exploitation. UNICEF reported a 64% rise in global child sexual abuse imagery from 2020 to 2021. The webinar emphasized the urgency of addressing this escalating issue as the Philippines is among the top producers of such content.
Globe, a leading digital platform in the Philippines, has entered an exclusivity agreement with ST Telemedia Global Data Centres (STT GDC) to discuss the carve-out of Globe's data center business. This partnership aims to enhance Globe's data center growth strategy and market share, addressing the growing demand in the region. Globe’s data centers, managed by its subsidiary Innove Communications, are poised for expansion, with the potential to grow by up to 45MW power. The planned joint venture will reinforce Globe's strategy to innovate as a leading digital solutions group.
FAQ
What is the current stock price of GLOBE TELECOM UNSP/ADR (GTMEY)?
What is the market cap of GLOBE TELECOM UNSP/ADR (GTMEY)?
What is GLOBE TELECOM UNSP/ADR?
What products and services does GLOBE TELECOM UNSP/ADR offer?
Who are the principals of GLOBE TELECOM UNSP/ADR?
