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Globe Telecom Inc (GLO.PS)

GLO.PS on Philippine Stock Exchange

2,030.00PHP
30 Mar 2017
Change (% chg)

Php10.00 (+0.50%)
Prev Close
Php2,020.00
Open
Php2,020.00
Day's High
Php2,030.00
Day's Low
Php2,010.00
Volume
46,410
Avg. Vol
89,668
52-wk High
Php2,496.00
52-wk Low
Php1,335.00

Latest Key Developments (Source: Significant Developments)

Ayala Corp enters e-commerce, acquires 43.3% stake in Zalora Philippines
Thursday, 23 Feb 2017 02:13am EST 

Ayala Corp : Ayala enters e-commerce, acquires 43.3% stake in Zalora Philippines .Ayala Land Inc., BPI Capital Corporation, and Kickstart Ventures Inc also acquired minority ownership stakes in BF-Jade.  Full Article

Globe Telecom clarifies on news stating Alibaba owner to invests in co's unit
Sunday, 19 Feb 2017 10:06pm EST 

Globe Telecom Inc : clarifies on news article titled “Alibaba owner invests in Globe unit” in the philippine star .confirm subject to closing of deal, substantial minority interests of Ant Financial and GCVHI may translate to 45%equity stake each in Mynt.  Full Article

Globe Telecom Inc updates on subscription of new shares of Globe Fintech Innovations, Inc
Sunday, 19 Feb 2017 07:32pm EST 

Globe Telecom Inc :Approved a transaction by which Ant Financial Services Group and Ayala Corporation shall subscribe to new shares of Globe Fintech Innovations, Inc.  Full Article

Globe Telecom Inc updates on subscription of new shares of Globe Fintech Innovations, Inc
Sunday, 19 Feb 2017 06:53pm EST 

Globe Telecom Inc :Approved a transaction by which Ant Financial Services Group and Ayala Corporation shall subscribe to new shares of Globe Fintech Innovations, Inc.  Full Article

Globe Telecom consol. qtrly net income 4.2 bln pesos, up 52 pct
Tuesday, 7 Feb 2017 08:27pm EST 

Globe Telecom Inc : Consolidated quarterly net income amounted to 4.2 billion pesos, up by 52% . FY revenue 120.0 billion pesos versus 113.7 billion pesos . FY EBITDA at 50.0 billion pesos; up 9% yoy . Mobile revenues slightly grew year-on-year, at 91.9 billion pesos in 2016 . Approved first quarterly distribution of cash dividends of 22.75 pesos per share . For 2017 EBITDA margin is expected to remain around the current levels . 2017 "will likewise be impacted by the additional interest expenses from additional debt related to 2017 capex and SMC transaction" .For 2017, the company's new cash capital expenditures are programmed to be approximately $750 million.  Full Article

Globe Telecom consol. qtrly net income 4.2 bln pesos, up 52 pct
Tuesday, 7 Feb 2017 06:42pm EST 

Globe Telecom Inc : Consolidated quarterly net income amounted to 4.2 billion pesos, up by 52% . FY revenue 120.0 billion pesos versus 113.7 billion pesos . FY EBITDA at 50.0 billion pesos; up 9% yoy . Mobile revenues slightly grew year-on-year, at 91.9 billion pesos in 2016 . Approved first quarterly distribution of cash dividends of 22.75 pesos per share . For 2017 EBITDA margin is expected to remain around the current levels . 2017 "will likewise be impacted by the additional interest expenses from additional debt related to 2017 capex and SMC transaction" .For 2017, the company's new cash capital expenditures are programmed to be approximately $750 million.  Full Article

Globe Telecom approves transfer of ownership of G-Xchange Inc to unit
Monday, 6 Feb 2017 07:59pm EST 

Globe Telecom Inc :Board approved transfer of ownership of G-Xchange, Inc to unit Globe Fintech Innovations Inc.  Full Article

Globe Telecom's board approves filing of 3-yr shelf registration with SEC for debt securities
Sunday, 8 Jan 2017 07:37pm EST 

Globe Telecom Inc :board approved co's filing of 3-year shelf registration with sec of upto 20 billion pesos in principal amount of debt securities.  Full Article

Globe telecom signs 7 bln pesos term loan with Union Bank Of The Philippines
Thursday, 29 Sep 2016 07:42pm EDT 

Globe Telecom Inc : Signs 7 billion pesos term loan with Union Bank Of The Philippines .10-year loan facility shall be used to finance the company’s capital expenditures.  Full Article

Globe Telecom says HY core net income up 2 pct
Tuesday, 2 Aug 2016 08:31pm EDT 

Globe Telecom Inc : HY service revenue of 59.57 billion pesos up 11 percent . For the first half of 2016, core net income at 8.8 billion pesos, up 2% yoy . For the first half of 2016, Mobile subscribers at 61.3 million, up 20% yoy . Board of directors approved the third quarterly distribution of cash dividends of 22 pesos per share .  Full Article

More From Around the Web

BRIEF-Globe Telecom signs 7 billion peso term loan with Bdo Unibank, Inc.

* Globe telecom signs php7 billion term loan with bdo unibank, inc. Source text for Eikon: Further company coverage: