Globe Telecom looking for Asian expansion; eyes Myanmar

Globe Telecom looking for Asian expansion; eyes Myanmar

24 NOV 2014

Globe Telecom, the second largest operator in the Philippines, is exploring the possibility of expanding its operations within the ASEAN (Association of SouthEast Asian Nations) region – defined as Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

“We will look for white space within ASEAN and Asia on where to leverage the skills we’ve developed over time,” president & CEO Ernest Cu said in a video shown at the recent APEC CEO Summit in Beijing, China.

He specifically cited Myanmar as a potential expansion region, where he believes the company can get involved in areas like financial services and mobile advertising.

Cu also stated that Globe is considering the possibility of offering its mobile-based banking service to other Southeast Asian markets once the ASEAN integration is in place (by 2015, the ASEAN Economic Community hopes to set in motion the creation of a single market and production base for the 10-nation bloc).

Globe operates GCash, a mobile money service and BanKO, a mobile-based, microfinance-focused savings bank.

At the recent Alcatel-Lucent Technology Symposium 2014, Globe said it is seeing a network transformation programme starting to deliver results, as it also looks to exploit opportunities in the wireless broadband sector.

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Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

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