- Globe was honoured at the Twimbit Telecom Awards, with its President and CEO, Cu, receiving a Lifetime Achievement Award for his transformative leadership.
- The company was also recognised for its fintech venture through Mynt, operator of GCash, which earned the “Telco to Ace Financial Services” award for its role in advancing financial inclusion in the Philippines.
- Under Cu’s guidance, Globe has become the country’s mobile leader and continues to innovate in digital solutions, enhancing the lives of Filipinos.
Globe received significant accolades at the Twimbit Telecom Awards, where its President and CEO Ernest Cu were honoured with a lifetime achievement award, and the company was recognised for its innovative entry into the financial technology sector.
Twimbit, a respected research and advisory firm, supports business innovation and growth by delivering vital industry insights. This year, the Awards assessed over 100 companies across 23 categories, highlighting excellence in various aspects of the telecom sector.
Lifetime Achievement Award
Since 2008, Globe’s President and CEO, Ernest Cu, has steered the company to become the Philippines’ leading mobile operator, maintaining market share leadership for seven consecutive years. His exemplary leadership and transformative contributions to the telecom industry earned him the Lifetime Achievement Award.
In his acceptance speech, Cu reflected on Globe’s journey and the collective efforts contributing to its success, focusing on innovation and a customer-centric approach. “When I embarked on this journey, my vision was to revolutionise the telecommunications landscape in the Philippines. Amidst the disruptions of that era, we adopted a challenger mindset. By embracing disruption, we transformed crises into opportunities and delivered one innovation after another to create wonderful experiences for our customers,” Cu remarked at the ceremony in Singapore.
When I embarked on this journey, my vision was to revolutionise the telecommunications landscape in the Philippines. Amidst the disruptions of that era, we adopted a challenger mindset. By embracing disruption, we transformed crises into opportunities and delivered one innovation after another to create wonderful experiences for our customers
Ernest Cu, President and CEO of Globe Telecom
Under Cu’s leadership, Globe has prioritised enhancing the lives of Filipinos through technology, addressing everyday challenges in areas such as financial services, healthcare, and education by providing scalable digital solutions.
Telco to Ace Financial Services Award
Globe’s foray into the fintech sector through Mynt, operator of the country’s leading finance super app GCash, earned the “Telco to Ace Financial Services” award. This accolade recognises telcos that have effectively integrated financial services into their offerings, revolutionising banking, payments, and financial transactions.
GCash has played a pivotal role in advancing financial inclusion in the Philippines, driving digital adoption among millions. Cu highlighted GCash’s evolution, noting its growth in scope, valuation, and impact. “GCash has become a lifeline for Filipinos, enabling them to carry out daily transactions safely from their homes. It has evolved from an SMS-based platform to the country’s foremost financial app and its only double unicorn, with a valuation exceeding $2 billion as of its last funding round in November 2021. Since then, GCash has intensified its mission of financial inclusion, expanding its services for underserved and unbanked Filipinos,” Cu stated.
GCash has become a lifeline for Filipinos, enabling them to carry out daily transactions safely from their homes. It has evolved from an SMS-based platform to the country’s foremost financial app and its only double unicorn, with a valuation exceeding $2 billion as of its last funding round in November 2021. Since then, GCash has intensified its mission of financial inclusion, expanding its services for underserved and unbanked Filipinos
Ernest Cu, President and CEO of Globe Telecom
He also underscored the strategic influence of GCash on the digital economy: “By focusing on providing access, we’ve helped increase the banked population from 29% pre-pandemic to 56%. We now have 6 million merchants and social sellers on the app, and we’ve expanded access to financial services to 13 countries with large populations of Filipinos overseas.”
As Globe continues to drive the digital revolution in the Philippines, it remains committed to maintaining market leadership and excelling as a comprehensive digital solutions provider. The company’s success at the Twimbit Awards underscores its dedication to innovation, customer-centricity, and transformative leadership.
About Globe Telecom
Globe Telecom, Inc., commonly known as Globe, is a leading telecommunications provider in the Philippines. Operating the largest mobile network and one of the most extensive fixed-line and broadband networks in the country, Globe serves 54.7 million subscribers as of November 2023, making it the second-largest network by subscriber base. The company is primarily owned by Ayala Corporation and Singtel and is listed on the Philippine Stock Exchange under the ticker symbol GLO. Globe offers a wide range of commercial wireless services through its 2G, 3G, 3.5G HSPA+, 4G LTE, and LTE-A networks, with 5G coverage currently expanding to over 3,000 locations nationwide, including nearly 100% coverage in the National Capital Region, Davao City, and Cebu. In addition to its telecommunications services, Globe connects with its customers through its Globe Lifestyle brand and its entertainment divisions, Anima (formerly Globe Studios), which focuses on film and television production, and Globe Live, which organises live concerts and musical events.
