Globe Telecom Inc. has revised its 2023 service revenue guidance from 2022's mid-single digit growth to mid-to-low single digit growth this year due to 'extended macroeconomic pressures.'
Globe Telecom Inc. has revised its 2023 service revenue guidance from 2022's mid-single digit growth to mid-to-low single digit growth this year due to"extended macroeconomic pressures".
The telco logged 53,727,798 registered SIMs as of 11:59 p.m. on July 30, over 1.2 million higher than its nearest competitor.The company's 2023 capex budget will remain at approximately $1.3 billion for continued network expansion and enhancement. The company is reducing its purchase order issuances for 2023 to only $600 million, owing to the opportunistic front loading of investments during the last 4 years.
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