Globe says non-telco revenues to rise in three years

11 Sep 2023
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GLOBE Telecom, Inc. anticipates its non-telecommunications revenues to grow in the next three years mainly driven by its diversification strategies, its top official said.

“The non-telco earnings will grow. They could either be consolidated into our P and L (profit and loss statement) or they could be in a sharing equity earnings of a subsidiary if we become a significant minority investor,” Ernest L. Cu, president and chief executive officer of Globe, said in a media release on Sunday.

The listed telecommunications company said its non-telco revenues will fuel its overall revenues.

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