Globe remains PH’s largest telco by market cap

Ayala-led Globe Telecom Inc. is still the country’s biggest telecoms player by stock market worth, largely driven by its strategic shift to become a digital solutions platform.

Globe’s market capitalization stood at P321.25 billion as of October 11, reflecting the stock’s resilience despite turbulent financial markets and global headwinds from elevated inflation

From its core telco business, Globe has grown its portfolio to include financial technology, healthcare, edutech, entertainment, adtech, e-commerce, manpower, information technology services and investments.

“Globe is starting to reap gains as it pivots to becoming a digital solutions platform to address the day-to-day pain points of Filipinos. The way investors are valuing us is very encouraging and that we have taken the right strategy for growth,” said Ernest Cu,

Globe Group president and CEO.

As it further cements its position as an industry leader, Globe continues to look for new ideas and businesses to scale via its wholly-owned corporate venture company 917Ventures.

Among the companies under 917Ventures include Mynt, which operates e-wallet giant GCash, telehealth companies KonsultaMD and HealthNow, digital marketing solutions firm AdSpark, online grocery platform Rappit, and loyalty and e-commerce solutions provider RUSH, coding bootcamp KodeGo, programmatic advertising firm DeepSea, online tutorial platform EdVenture, multi-channel messaging platform m360, and data-driven solutions provider.

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