SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2015

2. SEC Identification Number

1177

3. BIR Tax Identification No.

000-768-480-000

4. Exact name of issuer as specified in its charter

Globe Telecom, Inc.

5. Province, country or other jurisdiction of incorporation or organization

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

27/F, The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig Postal Code 1634

8. Issuer's telephone number, including area code

(632) 797 2000

9. Former name or former address, and former fiscal year, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common shares	132,735,047
Total debt (in Millions of Pesos)	64,538

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange (Common, Preferred)

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Globe Telecom, Inc.GLO

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2015
Currency (indicate units, if applicable)	Php '000

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2015	Dec 31, 2014
Current Assets	46,635,683	46,742,063
Total Assets	179,229,217	179,506,952
Current Liabilities	58,592,242	60,349,714
Total Liabilities	123,234,609	124,969,286
Retained Earnings/(Deficit)	12,302,856	10,852,478
Stockholders' Equity	55,994,608	54,537,666
Stockholders' Equity - Parent	56,000,611	54,542,300
Book Value per Share	341.01	330.03

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	26,219,730	23,230,138	26,219,730	23,230,138
Other Revenue	1,826,203	1,129,991	1,826,203	1,129,991
Gross Revenue	28,045,933	24,360,129	28,045,933	24,360,129
Operating Expense	22,280,778	20,362,568	22,280,778	20,362,568
Other Expense	-282,034	-308,380	-282,034	-308,380
Gross Expense	21,998,744	20,054,188	21,998,744	20,054,188
Net Income/(Loss) Before Tax	6,047,189	4,305,941	6,047,189	4,305,941
Income Tax Expense	1,843,956	1,356,949	1,843,956	1,356,949
Net Income/(Loss) After Tax	4,203,233	2,948,992	4,203,233	2,948,992
Net Income Attributable to Parent Equity Holder	4,198,687	2,990,052	4,198,687	2,990,052
Earnings/(Loss) Per Share (Basic)	31.57	22.15	31.57	22.15
Earnings/(Loss) Per Share (Diluted)	31.55	22.13	31.55	22.13

Other Relevant Information
This report contains Management's Discussion and Analysis of Financial Condition and Results of Operations for the three months ended March 31, 2015