Globe plans Asian expansion, eyes Myanmar

By , on November 25, 2014

Globe Telecommunications Building / Wikipedia Photo
Globe Telecommunications Building / Wikipedia Photo

MANILA – Globe Telecom Inc., is planning to expand its operations within Southeast Asia, mainly in Myanmar.

According to Ernest Cu, president and chief executive officer of Globe, they are planning of expanding their operations to complement the strong and positive growth of the region.

“We will look for white space within Asean and Asia on where to leverage the skills we’ve developed overtime and we do think we’ve developed a decent telco business here in the Philippines. We have a great team and we’re thinking of ways to leverage that further in emerging economies,” Cu said during the recently concluded Asia Pacific Economic Cooperation (APEC) CEO Summit held in Beijing, China.

He added, “There’s already a telco player in Myanmar but there are other areas we could get involved in, like financial services and mobile advertising and these areas have potential.”

Cu noted that Globe is already on its way of providing products and services that are relevant to their customers.

“We’ve always taken the position that if consumer habits are changing, then we have to change along with it and deliver what’s relevant to them. The real prize would be getting all of these individuals to access the Internet through their mobile phones and alternatives offered by different mobile apps become more commonplace and become the main mode of communication,” Cu said.

He also shared that they are also thinking of offering their mobile-based banking service to the markets in Southeast Asia once the Asean integration takes effect next year.