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Globe Telecom

Globe Telecom Q4 profit rises 8.5% on lower expenses

Globe Telecom said today its fourth-quarter net profit rose 8.5 percent from a year earlier as reduced subsidy and operating expenses more than offset the decline in service revenue caused by the company’s decision to retain only better quality cellular subscribers.

 

SingTel signs up 170,000 iPhone users

Telecompaper notes that SingTel has registered more than 170,000 iPhone 3G activations across the group since launching the device in July in Australia (Optus), and in Singapore (SingTel), India (Bharti Airtel) and the Philippines (Globe Telecom) in August.

Zain launches mobile wallet in Bahrain

Mobile operator Zain Bahrain has announced the launch of Zain Wallet, a mobile financial transactions service.

Globe Telecom’s net income falls 30%

Philippine-based communications provider Globe Telecom saw its net income drop on flat revenues in the fourth-quarter 2008, notes Telecompaper. Globe’s net income fell by 30.2 percent year-on-year to PHP2.50 billion (US$53 million).