Ernest Cu - updates

Rappler's latest stories on Ernest Cu


Globe CEO says Huawei concerns overblown 'to a certain degree'

Feb 14, 2019 - 3:33 PM

'As we’ve said many times, [Huawei] supplies the equipment but we run the network – and so, what’s attached to our network and what goes through it,' Ernest Cu says in a Bloomberg TV interview

Globe Telecom open to partnering with PLDT for cell tower firm

May 07, 2018 - 4:40 PM

The Ayala-led company says the creation of an independent cell tower firm would significantly reduce the time needed for a new player to roll out

Globe Telecom expects to sustain high capital spending until 2020

Feb 06, 2018 - 6:10 PM

The Ayala-led telecommunications giant projects between $850 million and $900 million as annual capital spending budget until 2020

HIGH CAPEX. 'Majority of the company's capex for 2018 is geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of our data-related services,' Globe chief Ernest Cu says. Photo by Josh Albelda/Rappler

Globe launches $250-million SEA-U.S. undersea cable system

Aug 12, 2017 - 7:46 PM

This provides a link between Davao and the US and is Globe s first direct connection to America via Guam Hawaii and California

Briton who brought Spotify to PH among Sweden attack victims

Apr 11, 2017 - 4:13 PM

Globe CEO Ernest Cu pays tribute to Chris Bevington the 41 year old Spotify executive who helped change the way Filipinos listen to music

CHRIS BEVINGTON. Along with the former Spotify executive, 3 other people died and 15 were injured. Photo courtesy of UK Foreign and Commonwealth Office

Data products propels Globe towards P16B net income in 2016

Feb 08, 2017 - 7:51 PM

Mobile data now the telcos biggest contributor to total mobile revenues at 38 compared to 37 for voice

Globe Telecom lowers capital spending to $750M for 2017

Jan 19, 2017 - 7:00 PM

This is lower than Globe s 2016 capital spending budget which was at a high of 1 050 billion

BALANCE FINANCES. Globe chief Ernest Cu says the lower capex for 2017 was meant to balance its expenses and revenues. Photo by Josh Albelda/Rappler

Globe Telecom ups stake in Taodharma to 67%

Nov 05, 2016 - 2:31 PM

It was in April 2014 when the Ayala led telco signed an exclusive partnership with Australian based telecoms retail company Allphones

MAJORITY. The Ayala-led telco tells the Philippine Stock Exchange that its board of directors has approved the increase of its stake to 67% from 25% in Taodharma. Rappler photo

Globe Telecom launches Davao power feed for SEA-US undersea cable

Aug 16, 2016 - 7:45 PM

Globe Telecom switches on Davao s power feed equipment facility for the country s first undersea cable system which directly connects the northern Philippines to the rest of the world

FIRST. Globe President & CEO Ernest Cu (2nd from right) and Davao City chairman of the Association of Barangay Captains and Councilor January Duterte (3rd from left) lead the opening of the power feed equipment site of the SEA-US cable landing facility located in Barangay Talomo, Davao City. Photo by Globe

Globe Telecom takes big leap in digitization with 6 content deals

Jun 25, 2016 - 7:20 PM

Globe announces newly inked deals with Netflix Disney Turner Sports Illustrated Smule and Astro

MORE CONTENT. Globe Telecom confronts a rapidly-shifting space where small steps toward digitization are no longer enough. Photos by Chrisee Dela Paz/Rappler

The other side of San Miguel's telco buyout

Jun 17, 2016 - 6:07 PM

Over 900 workers and hundreds of cell sites face uncertainty because of the San Miguel deal with PLDT and Globe

UNFULFILLED TELCO AMBITION. Despite the botched partnership with Telstra Corporation, San Miguel was expected to launch this 2016 its mobile services through BellTel

Globe wish list for Duterte: Submarine cables, less red tape

Jun 08, 2016 - 6:20 PM

Globe Telecom president and CEO Ernest Cu cites extreme difficulty in getting permits noting that they had to cut their target for cell site deployment

CROSSED WIRES. Globe Telecom President and CEO Ernest Cu says telcos still grapple with numerous bureaucratic red tape. Screenshot from Rappler video

Globe, PLDT activate 1st 700 MHz cell sites

Jun 07, 2016 - 5:30 PM

3rd UPDATE Globe will initially activate 200 LTE cell sites using the 700 MHz frequency while PLDT plans to roll out 360 cell sites this year

HEAD-TO-HEAD. Globe and PLDT say the 700 MHz frequency is key to provide faster internet speeds in the country, as it can easily penetrate buildings and walls and has greater coverage with fewer infrastructure needed

Rappler Talk: ICT infrastructure and its impact on national development

Jun 06, 2016 - 4:19 PM

What is technology’s role in the country’s transition to a new government? Maria Ressa interviews Globe President and CEO Ernest Cu

San Miguel says it barely made money from telco divestment

May 31, 2016 - 6:34 PM

San Miguel s Ramon Ang says PLDT and Globe approached the conglomerate regarding the buyout of its telecommunication assets

MIXED SENTIMENTS. Shares of San Miguel go up after the announcement of the sale of its telco business. In the photo is Ramon Ang. Photo by Agence-France Presse

San Miguel's sale of telco business: Will consumers benefit?

May 31, 2016 - 8:00 AM

The Philippines major telco rivals stand together raising concerns about competition and consumer interest

NOT A TYPICAL DEAL. With San Miguel entrusting its prized 700 megahertz spectrum to Globe and PLDT, will this mean better, more reasonable Internet services for subscribers? Photo from Shutterstock

San Miguel selling telco assets to PLDT, Globe

May 30, 2016 - 9:29 AM

4th UPDATE San Miguel sells its telecommunication business to PLDT and Globe a couple of months after its talks with Telstra Corporation failed

MIXED SENTIMENTS. Shares of Globe and PLDT went up after the announcement of the acquisition of San Miguel's telco business. In the photo are Ramon Ang (L), Ernest Cu (C), and Manuel Pangilinan (R)

Purpose powered by knowledge: Globe, Rappler launch #PHVote partnership

Dec 07, 2015 - 12:48 PM

In the coming months the telco provider will power PHVote Rappler’s ongoing campaign for the 2016 Philippine elections

Rappler partners with Globe Telecom for #PHVote

Dec 04, 2015 - 10:38 PM

Rappler and Globe are brands that symbolize the future of the Philippines says Globe chairperson Jaime Augusto Zobel de Ayala

WATCH: Rappler, Globe launch #PHVote partnership

Dec 04, 2015 - 3:10 PM

Globe will be Rappler s official telco partner for the PHvote campaign which is focused on helping Filipinos make informed and better decisions leading to the 2016 elections

CHANGE THE WORLD. 'Social media is just your physical social network without the boundaries of time and space... If we can collectively act, we can change the world,' Rappler's Maria Ressa. In the photo (L-R) Ressa, Globe's Jaime Augusto Zobel de Ayala, and Globe's Ernest Cu

Globe, Huawei enter 5-year partnership for mobile network

Nov 25, 2015 - 6:45 PM

Globe says the partnership with Huawei will extend towards capacity expansion of the telco s 3G and 4G network

NETWORK EXPANSION. Globe's Ernest Cu says the partnership will deliver "a more robust mobile network as well as innovative market-driven solutions to help hopefully ensure the company’s success in growing the mobile market"

Globe CEO on Telstra: I'm not scared of ghosts

Nov 05, 2015 - 8:00 PM

Anyone who comes in is a threat; but I m not going to react to a threat that s not real Sign the contract and we’ll play Globe s Ernest Cu on possible Telstra San Miguel entry

SECURE THE DEAL FIRST. Ernest Cu says Globe will only consider the possible entry of Telstra-San Miguel in its game plan once the deal is signed. Photo from Globe Telecom

Xurpas buys 51% of Globe Telecom's Yondu

Sep 02, 2015 - 1:16 PM

The acquisition is seen to solidify Globe s and Xurpas partnership in the digital space

STRATEGIC ALLIANCE. Xurpas and Globe say they will transform Yondu into a regional arm for digital content distribution and other technology-driven services

Globe to sustain momentum, PLDT to climb back after H1 earnings

Aug 04, 2015 - 9:00 PM

How Globe and PLDT adapted to the digital shift influence their first half earnings results an analyst says

DIGITAL FIGHT. The first-half earnings results of Globe and PLDT weigh on how the telcos responded to the digital shift, an analyst says. In the photo are PLDT's Manuel Pangilinan (left) and Globe's Ernest Cu (right)

Downsizing workforce inevitable as PH TV surfs the digital wave

Jul 05, 2015 - 4:23 PM

Part 2: TV networks are forced to downsize its workforce as it spends more toward digitalization of its operations

DOUBLE-EDGED DIGITIZATION. Most TV networks in the Philippines are forced to downsize their workforce and spend more to stay afloat in today's digital wave

PH telcos, TV networks ride double-edged digital wave

Jul 04, 2015 - 5:00 PM

Part 1: The digital shift is forcing local telcos and TV companies to spend more lay off people and redefine their business model

DIGITAL WAVE. There is no time to lose for the telco and media industries, as technology change accelerates significantly and new digital platforms and devices are emerging, IDC says. Image by Shutterstock

Online retailer Zalora Philippines goes 'offline' with pop-up store

Jun 17, 2015 - 6:29 PM

Zalora Philippines opens its pop up store in EDSA Shangri La Mall seeing a future shopping paradigm that is both online and offline

ONLINE GOES OFFLINE. Zalora Philippines aims to double its yearly sales for the next three years. All photos by Chrisee Dela Paz/Rappler

Globe's income jumps 43% in Q1 2015

May 13, 2015 - 4:33 PM

We re happy that we maintained our growth momentum for the first quarter of the year despite the heightened level of competition Globe President and CEO Ernest Cu says

Disney, Globe ink multi-year content sharing deal

May 07, 2015 - 7:43 PM

Globe customers will now have access to Disney content offerings like long and short form programming interactive content and games theatrical releases and retail promotions

Telco wars: Who's really number 1?

Apr 07, 2015 - 7:21 PM

The telco war heats up again as both Globe and PLDT say they hold the top spot in the country’s mobile industry

Netflix heads East and the Philippines should take note

Apr 02, 2015 - 4:57 PM

Our challenge in every market is to get across this idea that you get to watch whenever you want Hastings says referring to Netflix’s on demand model

NETFLIX. Photo from Netflix website.

Globe eyes high single-digit revenue growth

Feb 18, 2014 - 8:37 AM

Provided its data businesses for mobile broadband and fixed line keep growing Globe is looking at a good year ahead

REVENUE GROWTH. Globe looks to a good year if expectations of the company's mobile, broadband, and fixed line data businesses provide revenue growth support.

Globe to spend up to $650M for network upgrade

Feb 12, 2014 - 1:44 AM

Globe calls 2013 a transition year as the company improved its network and modernized its IT systems

REVENUE GROWTH. Globe is eyeing mid to high single digit revenue growth.

Typhoon damage may lessen Globe's Q4 revenue growth

Dec 18, 2013 - 4:44 PM

Globe Telecom says damage from Yolanda Haiyan may dampen its revenue growth for the fourth quarter

What are telcos' roles in rail ticketing?

Apr 20, 2013 - 6:34 PM

Globe Telecom and Smart Communications are partners of a group vying for the unified ticketing system for MRT and LRT

Globe CEO, Ernest Cu says telco will play an important role in the new ticketing system. Photo by Rappler/Aya Lowe

Globe to buy out Lopezes in Bayan in 2013

Apr 17, 2013 - 8:19 AM

How much Globe will be allowed to own in Bayan is dependent on the court which will give its go signal on the cash strapped telco s rehabilitation plan

Globe and Bayan merger to happen before the end of this year. Photo by Rappler/Aya Lowe

Globe to raise $120-M more for capex

Apr 16, 2013 - 7:28 PM

The company has raised 200 M so far

Globe to raise funds for modernisation program. Photo by Rappler/Aya Lowe

GMA-7 still in search of right telco partner

Mar 22, 2013 - 10:42 PM

After the failed talks with the Pangilinan group GMA Network Inc is still looking for the right telco partner for their convergence plan

FACE THE PRESS. GMA officials at the financial results press briefing on March 22, 2013. Photo by Aya Lowe

Rehab court oks Bayantel-Globe frequency sharing

Mar 11, 2013 - 9:01 PM

The NTC also earlier approved the sharing scheme

Globe sees postpaid growth on improved plans

Feb 21, 2013 - 9:07 PM

Globe posts drop in net profit due to company investment

Logo from Globe Telecom's Facebook page

Globe sees no hindrance to Bayan takeover

Feb 06, 2013 - 5:29 PM

The company is looking to merge with Bayan after successfully buying out 96 5 of the latter’s outstanding bondholders

Globe President and CEO Ernest Cu

Globe used ‘excess funds’ to buy Bayan debt - CFO

Jan 07, 2013 - 1:26 PM

Globe is now the biggest creditor of Bayan after completing the acquisiiton of the debts of the Lopez led firm

Refusing to pay revolutionary taxes works - Globe CEO

Dec 23, 2012 - 10:15 AM

Globe CEO Ernest Cu reports that the number of attacks on the company s cell sites in the provinces has gone down and they haven t experienced one this year

Ernest Cu speaks to Maria Ressa on #TalkThursday

Globe open to new strategic partners, including GMA-7

Dec 21, 2012 - 10:03 PM

After Manuel V Pangilinan failed to acquire GMA 7 Globe Telecom head Ernest Cu says he is open to forming a partnership with the television network

#TalkThursday with Ernest Cu: the future of mobile

Dec 20, 2012 - 3:08 PM

Maria Ressa talks to Ernest Cu CEO and President of Globe Telecom on the future of telecommunications in this edition of TalkThursday

Globe eyeing deal with ABS-CBN?

Aug 27, 2012 - 2:23 PM

When asked if Globe is exploring a deal similar to that being negotiated between rival PLDT and ABS CBN s rival GMA Network Inc Globe Telecom president Ernest Cu said absolutely

San Miguel ready to go to battle for CURE - Ang

May 23, 2012 - 9:31 PM

When 10 Mhz of spectrum goes on the auction block this year competition for the frequency will likely be fierce

Dropped calls, delayed texts? Globe readies solution

Apr 17, 2012 - 8:53 PM

Globe explains delays in text messages and its plan to improve service

Globe mulls ending 'unli' data offerings

Feb 17, 2012 - 11:05 AM

Globe foresees capping unlimited data offerings in favor of bundled plans that combine text internet and voice

Globe 2011 net profits flat at P9.8-B

Feb 10, 2012 - 6:23 PM

Globe Telecom has 30 million subscribers at end 2011 when it reached all time high revenues but had to slash prepaid load credits adjustments