Digital solutions platform Globe on Sunday reported a significant rise in fiber adoption among its broadband customers.
According to Globe, in the past year, fiber subscribers have jumped by 35%, leading to an 84% surge in revenue compared to 2021.
Globe said they recognize the growing reliance on data by its customers, which requires more stable and faster connections that only fixed wired solutions can provide.
In response, the company has ramped up its fiber deployment efforts and has now rolled out a total of 3.7 million fiber-to-the-home lines, of which 1.4 million were delivered in 2022 alone.
“We are excited over this impressive growth in fiber adoption among our customers,” Raymond Policarpio, Globe’s VP for Brand Marketing, Broadband Business said.
“We understand the importance of providing our customers with stable and fast connection, especially as the world becomes more dependent on technology and the internet. Our fiber network offers a fixed wired solution that can provide just that, and we are happy to see so many customers recognizing the benefits and making the switch to fiber,” he added.
In addition to fiber adoption, Globe has also seen continued growth in its fixed wired subscribers, which increased by 17% year-on-year to reach 1.1 million. The company attributes this growth to the ongoing migration of Home Prepaid WiFi subscribers to fiber.
As Globe looks to the future, the company will continue to focus on migrating its fixed wireless and legacy technology customers to fiber, ensuring that all of its customers have access to fast and dependable connections to meet their growing data needs.
“We are committed to providing our customers with the best possible experience. As we move into 2023, we will continue to expand our fiber footprint and bring more customers the benefits of a fixed wired solution,” Policarpio added.
Catherine R. Cueto