philippine telecommunications company be merged into this article . discuss proposed since december 2015 . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2013 learn how and when to remove this template message globe telecom inc. the globe tower the headquarters of globe telecom in bonifacio global city type public company traded as pse glo otc pink current gtmef ordinary shares otc pink current gtmey adrs industry communications services remittance founded manila philippine commonwealth 1935 headquarters bonifacio global city metro manila philippines key people jaime augusto z bel de ayala ii chairman ernest cu president and ceo products mobile telephony fixed line telephony broadband services revenue 99 billion 2014 1 net income 13.4 billion 2014 1 owner structure 2 singtel 21.51 % ayala corporation 13.85 % asiacom 54.43 % directors officers esop 0.07 % public stock 10.14 % number of employees 6 182 2014 subsidiaries bayan telecommunications innove communications kickstart yondu gxi gti asticom website www.globe.com.ph globe telecom commonly shortened as globe is a major provider of telecommunications services in the philippines supported by over 6 200 employees and nearly 1.05 million retailers distributors suppliers and business partners nationwide . the company operates one of the largest mobile fixed line and broadband networks in the country providing communications services to individual customers small and medium sized businesses and corporate and enterprise clients also tends to take from subscribers without remorse . globe currently has about 48.4 million mobile subscribers nearly 3.5 million broadband customers and 858.9 thousand landline subscribers . the company s principal shareholders are ayala corporation and singapore telecom . it is listed on the philippine stock exchange under the ticker symbol glo and had a market capitalization of us 7.4 billion as of the end of june 2015 . globe telecom s principal executive office is located at the globe tower 32nd street corner 7th avenue bonifacio global city taguig metropolitan manila philippines . contents 1 history 2 ownership 3 business segment 3.1 mobile business 3.2 fixed line and broadband business 3.3 mobile commerce 3.4 loyalty and rewards program 3.5 sales and distribution 4 competition 5 partnerships 5.1 national basketball association 5.2 spotify 5.3 viber 5.4 disney 5.5 netflix 6 subsidiaries 7 joint ventures 8 affiliate 9 see also 10 references 11 external links history edit in 1928 congress passed act no. 3495 granting the robert dollar company a corporation organized and existing under the laws of the state of california a franchise to operate wireless long distance message services in the philippines . subsequently congress passed act no. 4150 in 1934 to transfer the franchise and privileges of the robert dollar company to globe wireless limited which was incorporated in the philippines on 15 january 1935 . globe wireless limited was later renamed as globe mackay cable and radio corporation globe mackay . through republic act ra no. 4630 enacted in 1965 by congress its franchise was further expanded to allow it to operate international communications systems . globe mackay was granted a new franchise in 1980 by batasan pambansa under batas pambansa 95 . globe telecom logo 1991 2007 globe telecom logo 2007 2014 in 1974 globe mackay sold 60 % of its stock to ayala corporation local investors and its employees . it offered its shares to the public on 11 august 1975 . in 1992 globe mackay merged with clavecilla radio corporation a domestic telecommunications pioneer to form gmcr inc. gmcr . the merger gave gmcr the capability to provide all forms of telecommunications to address the international and domestic requirements of its customers . gmcr was subsequently renamed to globe telecom inc. globe . in 1993 globe welcomed a new foreign partner singapore telecom inc. sti a wholly owned subsidiary of singapore telecommunications limited singtel after ayala and sti signed a memorandum of understanding . in 2001 globe acquired isla communications company inc. islacom which became its wholly owned subsidiary effective 27 june 2001 . in 2003 the national telecommunications commission ntc granted globe telecom s application to transfer its fixed line business assets and subscribers to islacom pursuant to its strategy to integrate all of its fixed line services under islacom . subsequently islacom was renamed as innove communications inc. in 2004 globe invested in g xchange inc. gxi a wholly owned subsidiary to handle the mobile payment and remittance service marketed under the gcash brand using globe telecom s network as transport channel . gxi started commercial operations on 16 october 2004 . in november 2004 globe and seven other leading asia pacific mobile operators jv partners signed an agreement jv agreement to form bridge alliance . the joint venture company operates through a singapore incorporated company bridge mobile pte. limited bmpl which serves as a commercial vehicle for the jv partners to build and establish a regional mobile infrastructure and common service platform to deliver different regional mobile services to their subscribers . the bridge alliance currently has a combined customer base of over 250 million subscribers among its partners in india thailand hong kong south korea macau philippines malaysia singapore australia taiwan and indonesia . in 2005 innove was awarded by the national telecommunications commission ntc with a nationwide franchise for its fixed line business allowing it to operate a local exchange carrier service nationwide and expand its network coverage . in december 2005 the ntc approved globe telecom s application for third generation 3g radio frequency spectra to support the upgrade of its cellular mobile telephone system cmts network to be able to provide 3g services . globe was assigned with 10 megahertz mhz of the 3g radio frequency spectrum . on 19 may 2008 following the approval of the ntc the subscribers contracts of touch mobile tm prepaid service were transferred from innove to globe which now operates all wireless prepaid services using its integrated cellular networks . in august 2008 and to further grow its mobile data segment globe acquired 100 % ownership of entertainment gateway group egg a leading mobile content provide in the philippines . egg group is engaged in the development and creation of wireless products and services accessible through telephones or other forms of communication devices . it also provides internet and mobile value added services information technology and technical services including software development and related services . eggc is registered with the department of transportation and communication dotc as a content provider . on may 15 2014 eggc changed its corporate name from entertainment gateway group corp. to yondu inc. yondu . on 30 october 2008 globe the bank of the philippine islands and ayala corporation signed a memorandum of agreement to form a joint venture that would allow rural and low income customers access to financial products and services . last october 2009 the bangko sentral ng pilipinas bsp approved the sale and transfer by bpi of its shares of stock in pilipinas savings bank inc. psbi formalizing the creation of the venture . globe telecom s and bpi s ownership stakes in psbi is at 40 % each while ac s shareholding is at 20 % . the partners plan to transform psbi now called bpi globe banko inc. into the country s first mobile microfinance bank . the bank s initial focus will be on wholesale lending to other microfinance institutions but will eventually expand to include retail lending deposit taking and micro insurance . bpi globe banko opened its first branch in metro manila in the first quarter of 2011 and now has 6 branches nationwide over 2 000 partner outlets 261 000 customers and over p2 .4 billion in its wholesale loan portfolio . on 25 november 2008 globe formed gti business holdings inc. gtibh primarily to act as an investment company . on march 2012 globe launched kickstart ventures inc. kickstart to help support and develop the dynamic and growing community of technopreneurs in the philippines . kickstart is a business incubator that is focused on providing aspiring technopreneurs with the efficient environment and the necessary mechanisms to start their own business . since its launch kickstart has 10 companies it its portfolio covering the digital media and technology and web mobile platform space . in may 2013 abs cbn convergence inc. abs c formerly multimedia telephony inc. announced the launch of its mobile brand abs cbnmobile . the launch of the new mobile brand is being supported through a network sharing agreement with globe wherein the latter provides network capacity and coverage to abs c on a nationwide basis . abs c formally launched the brand in november 26 2013 . on october 2013 following the court s approval of the amended rehabilitation plan jointly filed by globe and bayantel in may 2013 globe acquired a 38 % interest in bayantel by converting bayantel s unsustainable debt into common shares . this follows globe telecom s successful tender offer for close to 97 % of bayantel s outstanding indebtedness as of december 2012 . as part of the amended rehab plan and pending regulatory approvals globe would further convert a portion of its sustainable debt into common shares of bayantel bringing up its stake to around 56 % . on october 2014 globe telecom received a copy of the temporary restraining order tro issued by the court of appeals stopping the national telecommunications commission s ntc proceedings in connection with the bid of globe telecom inc. to take over bayan telecommunications inc. bayantel . despite the lapse of the temporary restraining order tro last december 9 2014 the court of appeals has advised the ntc to refrain from conducting any proceedings in connection with the bid of globe assume majority control of bayantel . on june 3 2014 globe signed an agreement with azalea technology inc. and scs computer systems acquiring the entire ownership stake in asticom . asticom a systems integrator and information technology services provider to domestic and international markets is 49 % owned by azalea a 100 % owned subsidiary of ayala corporation and 51 % owned by scs computer systems a subsidiary of singapore telecom . on june 30 2015 globe incorporated global capital venture holdings inc. a wholly owned subsidiary organized under the laws of the philippines and formed for the purpose of venturing into strategic non core business . on august 27 2015 globe telecom inc. globe ayala corporation ac and bank of the philippine islands bpi signed an agreement to turn over full ownership of bpi globe banko banko to bpi one of the majority owners of the joint venture . ownership edit the following are the major stockholders of globe telecom as of 30 june 2015 2 ayala corporation 13.85 % with common shares of 40 351 591 singtel 21.51 % with common shares of 62 646 487 asiacom 54.43 % with preferred shares of 158 515 016 directors officers esop 0.07 % with common shares of 205 027 ; preferred shares of 5 public stock 10.14 % with common shares of 29 537 111 business segment edit mobile business edit globe provides digital mobile communication services nationwide using a fully digital network based on the global system for mobile communication gsm technology . it provides voice content data and value added services to its mobile customers through three major brands globe postpaid globe prepaid and tm ; while catering the enterprise and msme clients through globe business and globe mybusiness . globe postpaid includes all postpaid plans such as regular g plans and consumable g flex plans load allowance plans load tipid plans and platinum plans for the high end market . in 2010 the company introduced the my superplan and my fully loaded plan which allow subscribers to personalize their plans choose and combine various unlimited call text and web browsing service options . globe prepaid and tm are the prepaid brands of globe . globe prepaid is focused on the mainstream