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Globe Telecom, Inc.

Company Description
Globe Telecom, Inc. (GLO) was originally incorporated on January 16, 1935 as Globe Wireless Limited with a franchise to operate wireless long distance message services in the Philippines. The Company eventually changed its name to the present one in 1992, and welcomed Singapore Telecom, Inc. as a new foreign partner the following year.

GLO is a telecommunications company that provides digital wireless communication services nationwide under the "Globe Postpaid", "Globe Prepaid", and "TM" brands using a fully digital network. The Company also offers domestic and international long distance communication services or carrier services.

On May 30, 2016, the Board of GLO approved the acquisition of 50% of Vega Telecom, Inc. (VTI) from San Miguel Corporation, with Philippine Long Distance Telephone Company acquiring the remaining 50% interest. VTI owns an equity stake in Liberty Telecom Holdings, Inc. (LIB) as well as in enfranchised companies including Bell Telecommunication Philippines, Inc.; Eastern Telecom Philippines, Inc.; Express Telecom, Inc.; and Tori Spectrum Telecom, Inc., among others.

On June 21, 2016, GLO exercised its rights as holder of 50% equity interest of VTI to cause VTI to propose the conduct of a tender offer on the common shares of LIB held by minority shareholders as well as the voluntary delisting of LIB. At the completion of the tender offer and delisting of LIB, VTI’s ownership of LIB is at 99.1%.

The Company's subsidiaries are composed of Innove Communications, Inc.; GTI Business Holdings, Inc.; Kickstart Ventures, Inc.; Asticom Technology, Inc.; Globe Capital Venture Holdings, Inc.; Bayan Telecommunications, Inc.; TaoDharma Inc.; GTowers Inc.; Yondu, Inc.; and Electronic Commerce Payments, Inc.

Source: SEC Form 17-A (2019)
Security Information
Sector Services
Subsector Telecommunications
Corporate Life 50
Incorporation Date Jan 15, 1935
Number of Directors 11
Stockholders' Meeting as per By-Laws Per By-Laws: April - any day; For 2011: 12 April 2011, Record Date: 25 February 2011, Circ. No. 1945-2011
Fiscal Year 12/31 (Month/Day)
External Auditor Isla Lipana & Co.
Transfer Agent Bank of the Philippine Islands Stock Transfer Agency
Contact Information
Business Address The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig
E-mail Address
Telephone Number (632) 7730-2000
Fax Number (632) 7739-0072