Globe opens retail store, takes aim at multinational firms in Singapore

27 Nov

Globe Telecom, Inc. (GLO) has expanded its operation in Singapore, targeting foreign enterprises that seek seamless communications between Singapore and Manila.

“We’re opening a new company called Globetel Singapore,” Gil Genio, Globe chief operating officer for Business and International Markets, said.

“We’ve established what is called a facilities-based license in Singapore,” Genio said.

According to Infocomm Development Authority of Singapore, facilities-based operators offer telecommunication switching or services to other licensed telecommunication operators, business or consumers.

Get FREE stock analysis, special reports and brokers’ recommendations!

“We have a long partnership with SingTel and a co-branded SIM in Singapore. We are expanding that relationship because we can serve also companies and other foreign carriers who want links between Singapore and the Philippines by establishing a new hub in Singapore,” Genio said, referring to Singapore Telecoms, the Ayala Group’s strategic partner in Globe.

The Ayala-led telco earlier said it plans to offer financial services and mobile advertising in Myanmar and other Southeast Asian markets once Asean integration is in place.

Leave a comment

Posted by on November 27, 2014 in Corporate News, GLO, Stock Market


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: