SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATIONS CODE (SRC)
AND SRC RULE 17(a)-1(b)(3) THEREUNDER
1. 5August2014
Dateof Report
2. 1177
8. ..(02)797-2000
Registrant'stelephonenumber, includingareacode
9 5/F, GlobeTelecomPlaza(Pioneer Highlands), Pioneer corner Madison Sts.,
Mandaluyong City
Former nameor former address, if changed sincelast report
10. Securitiesregistered pursuantto Sections4and 8 of theSRC
Titleof Each Class Number of Sharesof Common Stock
Outstanding andAmount of Debt Outstanding
(asof June30, 2014)
COMMON SHARES 132,681,827
TOTAL DEBT (in Millionsof Pesos) 68.817
Indicatetheitemnumbersreported herein : Pleaserefer to attached
Re: 2Q 2014 FINANCIAL & OPERATING RESULTS
Pursuant to therequirements of theSecurities RegulationsCode, theregistrant has duly
caused this reportto besigned on its behalf by theundersigned hereunto duly authorized.
Date: 5August2014 /AlBJRTQ-fhJDE LARRAZABAL
_><^--^^Chief Fln^rfcial Officer
DateofReport(Dateofearliesteventreported)
1177 3.
SECIdentificationNumber
GLOBETELECOM,INC.
ExactNameofregistrantasspecifiedinitscharter
PHILIPPINES 6.
Province,countryorotherjurisdictionof
incorporation
000-768-480-000
BIRTax
Industry
27/F,TheGlobeTower,32ndStreetcorner7thAvenue,
BonifacioGlobalCity,Taguig
Addressofprincipaloffice
IdentificationNumber
|(SECUseOnly)
ClassificationCode
1634
Postalcode


Press Release 2Q 2014 1


GLOBE ANNOUNCES 1
ST
HALF RESULTS:

STRONGER FIRST HALF PERFORMANCE WITH
RECORD 2Q14 SERVICE REVENUES;
CONSOLIDATED SERVICE REVENUES AT P47.7 BILLION, UP 7% YoY;
EBITDA LEVEL AT P19.1 BILLION; UP 1% YoY;
CORE NET INCOME AT P7.6 BILLION, UP 18% YoY;
MOBILE SUBSCRIBERS AT 42.7 MILLLION, UP 18% YoY
BROADBAND SUBSCRIBERS AT 2.2 MILLLION, UP 24% YoY


Sustaining the revenue momentum from the past two years, Globe Telecom, Inc. ended the first six
months of 2014 with record-level revenues of P47.7 billion, 7% higher than the P44.5 billion reported
in the same period last year. On a quarterly basis, Globe recorded a new all-time high in quarterly
revenues with P24.5 billion, up 5% from the first quarter of 2014 and 6% from the same quarter last
year. The robust revenue expansion was again fueled by solid growth across all business segments,
due to the robust increase in the mobile telephony and broadband subscriber bases and the popularity
of the Companys innovative offerings and value-for-money promotions.
Globes mobile telephony segment posted revenues of P37.8 billion, a 5% improvement from the
P35.8 billion during the same period last year, on the back of strong contributions from the Globe
Postpaid and TM segments. Globe Postpaid continued to lead the pace in growth, with revenues
reaching P14.6 billion in the first half of the year, up 11% from the same period last year, backed by
strong subscriber year-on-year growth of 10%. TM, Globes mass-market brand, likewise contributed
to the mobile revenue growth, increasing in revenue terms by 9% year-on-year to bring total revenues
to P9.1 billion, from P8.4 billion in the same period last year. At the end of June 2014, Globes
mobile subscriber base reached 42.7 million, up a solid 18% from 36.1 million a year ago and 5%
higher from the end of the first quarter of 2014.
On a quarterly basis, mobile revenues peaked at P19.3 billion, a new quarterly high, up by a solid 5%
from the P18.5 billion registered in the first quarter of the year. The growth in mobile revenues for
the second quarter was driven by growth in mobile data services, which grew 23% quarter-on-quarter
to P3.4 billion from P2.8 billion in the first quarter of the year. The growth in mobile data services
coincided with the conclusion of the successful Free Facebook promotion Globe offered starting
November last year. The promotion, which aimed to seed the habit of mobile browsing on Globes
expanded 3G and 4G networks, resulted in a step increase in mobile data users, boosting registered
mobile data users to 8.9
1
million monthly average post-Facebook promo from 5.4 million pre-
Facebook promotion, and a substantial uplift in revenues after the promotion. Also, the Free
Facebook promotion provided additional strategic benefits in terms of improved brand equity, new
customer insights, particularly for prepaid subscribers, and the ability to integrate below-the-line
activities and promotions. Notwithstanding the unprecedented rise of mobile data services, Globes
mobile voice and SMS services remained strong in the quarter, with voice revenues at first quarter
levels and SMS revenues up 3% quarter-on-quarter.

1
Figures are based on consumer-related accounts, which exclude corporate and small business customers.

Press Release 2Q 2014 2


With the sustained demand for internet connectivity and the pervasiveness of data in new
technologies and applications, Globes broadband business maintained its solid contributions to
revenue growth, posting 14% and 24% year-on-year growth in revenues and subscribers,
respectively. Broadband revenues reached P5.9 billion in the first half of 2014, with total subscriber
base now reaching 2.2 million. The solid growth in revenues and subscribers was driven by
subscriber expansion in the wireless broadband (+30%), fixed broadband (+12%) and LTE solutions.
Globes fixed line data segment improved by 17% to P2.6 billion for the first six months of 2014
from P2.3 billion during the same period last year. The continuous growth in fixed line data
revenues was driven largely by domestic and internet services, resulting to an expansion in circuit
usage. Cloud services and other business applications services have likewise contributed to the
growth in revenues. To complement the growth in fixed line data and broadband, traditional fixed
line voice services bucked the global trend in the first half of 2014, posting a 10% year-on-year and
12% quarter-on-quarter improvement.
Globe recorded consolidated EBITDA of P19.1 billion in the first semester of 2014, 1% higher than
the EBITDA reported in the same period last year. As Globe continued to re-invest its gains in
acquiring and retaining high quality subscribers and the expansion of its data network, subsidy and
operating expenses grew 12% year-on-year to P28.6 billion from P25.6 billion last year. EBITDA
margin stood at 40% for the first six months of 2014, down against 43% the same period in 2013.
However, on a quarterly basis, EBITDA margin in the second quarter of 42% improved from last
quarters 38%.
Globes net income stood at P6.8 billion, higher by 385% from the net income reported in the same
period last year. The growth in net income was driven by the improvement in EBITDA, lower
depreciation charges, gains from foreign exchange movements and lower interest expenses
recognized during the period. Globes core net income, which excludes the impact of the non-
recurring items, such as the accelerated depreciation charges related to the change-out of equipment
under the modernization initiatives and mark-to-market charges, improved to P7.6 billion from P6.4
billion in the first semester of 2013, an 18% increase year-on-year.
Our transformation initiatives are starting to bear fruit, given the solid revenue momentum we
sustained this quarter. We approach the second semester of 2014 with confidence that, with our
modernized network and our commitment to innovation and customer service excellence, we can
maintain the growth momentum for the balance of the year, Ernest L. Cu, President and CEO of
Globe Telecom, Inc., said. With the growth in data services we have seen in the past couple of
months and the pervasiveness of data in new technologies and applications, we envision keeping in
step both in terms of the infrastructure necessary to support data services and the product and service
innovations to provide the most seamless experience to our mobile and broadband customers.
As of the first six months of the year, Globe spent approximately P11.0 billion in capital expenditures
to support the growing subscriber base and its demand for data. Approximately 54% were spent on
data-related access and transport infrastructure, including transmission capacities and international
cable facilities. Data-related access investments included deployments in Globes wireless 3G
broadband, HSPA+ and LTE access and roll-outs for fixed broadband and LTE @Home solutions.
While 16% of the CAPEX was made for core-related services, including payments for the network

Press Release 2Q 2014 3


transformation program, and coverage solutions. To date, Globe has a total of 24,216 base stations,
with over 8,700 for 4G
2
, to support the service requirements of its subscribers.
True to its commitment in creating a wonderful world for its subscribers, Globe introduced new and
exciting offers during the quarter. Following the iPhone Forever Plan launched in 2013, Globe
Postpaid launched Galaxy Forever Plan, wherein new and existing subscribers can acquire or
upgrade to the newest Samsung Galaxy phone every year by simply subscribing to any Galaxy
Forever Plan (Galaxy Forever Plan 1599; Galaxy Forever Plan 1999; Galaxy Forever Plan 2499).
In addition, Globe launched several new phones into the market including the LG G2 Mini, Samsung
Trend Lite, Lenovo A680, LG Optimus L4 II, CloudFone Excite 400dx, Huawei Ascend Y320, Huawei
Ascend Y511, and Nokia Lumia 625 to come with the wide array of offers in mySUPERPLAN,
starting as low as P299 per month.
Globe Prepaid, on the other hand, launched GoUnli20 which offers unlimited calls to Globe and TM,
20 texts to all networks, and 15MB of mobile data, good for 1 day. GoTXT19Plus was also made
available during the period which gives its subscribers unlimited texts to all networks, 20 minutes of
calls to Globe and/or TM, and 15MB of mobile internet for only 19 pesos.
TM, likewise, introduced Dagdagtxt for additional 100 all-network texts added to an UnliCall promo
for only P5 a day. In addition, UNLICOMBO20 was likewise introduced during the period which
provides unlimited texts to TM/Globe subscribers for 24 hours plus unlimited calls to TM/Globe
subscribers from 10 PM to 5 PM the following day.
To continue to seed adoption of mobile data services among Globes subscribers, Globe launched the
GoSurf with Spotify plans, allowing Globe and TM subscribers to get mobile data services along with
free use of the music streaming service Spotify, for as low as P10 per day. In response to the
continued popularity of social networking among Filipinos, TM recently introduced a P2 Facebook
offer for its subscribers, which allows those registered to selected TM offers (Astigtxt, Astigcombo,
Sulitxt or any GoSurf variants) to avail of the unlimited Facebook for only P2.
The broadband business on the other hand, unlocked its best deals and offers during the period.
Tattoo Postpaid introduced its wide array of tablet bundles with no upfront cash-out and low monthly
service fees. The offer comes with a free mobile Wi-Fi and 60 surfing hours for as low as P499 per
month. Tattoo Prepaid likewise stepped up its offer just in time for the school opening with a price
drop for mobile Wi-Fi (from P1,995 to only P1,795); Prepaid LTE Mobile Wi-Fi (from P4,995 to
only P3,888) and Prepaid LTE Stick (from P3,995 to only P2,988).
Furthermore, Globe Duo International expanded its reach to include Spain with the launch of Duo
Spain during the period which allows calls from Spain to the Philippines, via a Spain number
assigned to a Globe or TM mobile number, to be charged as local calls.
Lastly, G-Xchange, Inc. (GXI) further expanded its reach nationwide as it partnered with Rural Net,
Inc. (RNet) to help create a platform designed to grow the businesses of rural banks, cooperatives and
other agencies across the Philippines. The collaboration between GXI and RNet led to the
introduction of the Philippines first 3-in-1 card called CashKO. This will deliver to the rural banks
and cooperatives industries affordable mobile phone and internet banking with ATM functionality
all powered by Globe GCash.

2
Includes HSPA+, WiMax and LTE

Press Release 2Q 2014 4



2Q 2014 FINANCIAL SUMMARY
I n Million Pesos
Quarter on Quarter Year on Year
Q2 Q1 QoQ 1H 1H YoY
2014 2014
Change
(%) 2014 2013
Change
(%)
Service Revenues 24,465 23,230 5% 47,695 44,532 7%
Mobile 19,342 18,456 5% 37,798 35,841 5%
Broadband
3,065 2,790
10% 5,855 5,145 14%
Fixed line Data
1,313 1,319
- 2,632 2,259 17%
Fixed line Voice
745 665
12% 1,410 1,287 10%
Operating Expenses and Subsidy 14,184 14,434 -2% 28,618 25,592 12%
EBITDA 10,281 8,796 17% 19,077 18,940 1%
EBITDA Margin 42% 38% 40% 43%
Depreciation 4,442 4,068 9% 8,510 16,071 -47%
Affected by network modernization 666 512 30% 1,178 7,118 -83%
Others 3,776 3,556
6% 7,332 8,953 -18%
Net Income After Tax (NIAT)
3,886 2,949 32% 6,835 1,410 385%
Core Net Income 4,232 3,357 26% 7,589 6,426 18%
The Globe Group's consolidated service revenues for the first half of the year improved by 7% to
P47.7 billion from P44.5 billion in the same period last year. The sustained topline growth was
driven by the strong performances across all key business segments. Mobile revenues posted 5%
increase from the same period last year with Globe Postpaid and TM growing by 11% and 9%,
respectively. The strong mobile revenue growth was driven in part by solid subscriber base
expansion, up 18% year-on-year, to end the first half of the year with total mobile subscribers of 42.7
million. Globes broadband and fixed line data segments likewise posted solid growth of 14% and
17% respectively, due to expanded customer bases and the sustained demand for data connectivity.
Fixed line voice, on the other hand, bucked the global trend, registering positive growth of 10% year-
on-year.
On a sequential basis, consolidated service revenues grew to P24.5 billion, up by P1.2 billion or 5%
from last quarters record-level of P23.2 billion. In step with the year-to-date trend, revenue growth
was broad-based, with mobile, broadband and fixed line voice improving 5%, 10% and 12%,
respectively, and partially mitigating the slight decline in fixed line data services.
Operating expenses and subsidy increased by 12% year-on-year from P25.6 billion to P28.6 billion,
as Globe continued to re-invest gains in revenues in acquiring and retaining high-quality subscribers
and improving the quality of service through the expansion of its network. To further support the
growing subscriber base, subsidy costs, advertising and promotions, services, provisions and staff-
related costs were all up year-on-year. Maintenance costs and lease charges were likewise higher,
given the larger Globe network. The increase in operating expenses was partially offset by lower re-
contracting costs and interconnect charges. On a sequential basis, subsidy and operating expenses was
down 2% from P14.4 billion last quarter to P14.2 billion this period.


Press Release 2Q 2014 5




The increase in operating expenses was likewise offset by lower depreciation charges in the first half
of 2014. As the bulk of such accelerated depreciation charges related to the modernization initiatives
were incurred in 2013, accelerated depreciation expenses were significantly lower at P1.2 billion
against the P7.1 billion in the same period last year. Normal depreciation of assets was likewise
lower at P7.3 billion from P9.0 billion last year, as some assets were considered end of life by the end
of 2013.

Overall, total cost and expenses for the first half of 2014, including depreciation charges, declined by
11% year-on-year from P41.7 billion to only P37.1 billion this period. On a sequential basis, cost and
expenses including depreciation, slightly increased by 1%.

Consolidated EBITDA for the first six months of the year stood at P19.1 billion, slightly up by 1%
against the same period last year, as the top line growth fully covered the increases in operating
expenses and subsidy. EBITDA margin declined to 40% in the first half of the year from 43% in the
same period last year. However, compared to the previous quarter, consolidated EBITDA increased
by 17%, driven by the combined effect of strong revenue performance as well as lower costs this
quarter, resulting to EBITDA improvement by 4 percentage points, from 38% last quarter to 42% in
the second quarter.
Non-operating charges declined year-on-year and quarter-on-quarter by 40% and 47%, respectively,
driven by the net foreign exchange gains coupled with lower interest expenses recognized during the
period.
Globe ended the first semester of 2014 with consolidated net income of P6.8 billion, almost five times
the P1.4 billion net income recorded in the same period last year. This improvement in net income
was driven by higher EBITDA, lower depreciation charges, foreign exchange gain and lower interest
expenses recognized during the period. Excluding the non-recurring accelerated depreciation
expenses and foreign exchange and mark-to-market gains and losses, core net income after tax
reached P7.6 billion as of end June of 2014, an 18% increase from the P 6.4 billion in the same period
last year. On a sequential basis, consolidated net income improved by 32% to P3.9 billion from P2.9
billion last quarter, given the EBITDA growth and lower non-operating charges. Core net income
after tax likewise increased by 26% to P4.2 billion from last quarter's P3.4 billion.
As of June 2014, total cash capital expenditures stood at about P11.0 billion, 28% lower than last
year's level of P15.2 billion. Approximately 53% of the capital expenditures were investments for
data-related access, including deployments in Globes wireless 3G, HSPA+ and LTE access and roll-
outs for fixed broadband and LTE @Home solutions, and transport infrastructure, such as
transmission facilities and international cable systems. While 16% of the CAPEX was made for core-
related services, including payments for the network transformation program, and coverage solutions.
The P11.0 billion CAPEX for the first half of 2014 remains in line with the P29 billion ($650 million)
capital expenditure plan for 2014.





Press Release 2Q 2014 6



Mobile Business
I n Million Pesos
Quarter on Quarter Year on Year
Q2 Q1 QoQ 1H 1H YoY
2014 2014
Change
(%) 2014 2013
Change
(%)
Service Revenues
Voice 8,684 8,658 - 17,342 15,938 9%
SMS 7,233 7,008 3% 14,241 14,310 -
Mobile Browsing & Other Data 3,425 2,790 23% 6,215 5,593 11%
Mobile Service Revenues 19,342 18,456 5% 37,798 35,841 5%
Mobile revenues, which accounted for 79% of consolidated service revenues as of the first half of 2014,
increased to P37.8 billion, up 5% from last years level of P35.8 billion, given the higher revenue
contributions from mobile data (+11%) and voice (+9%), as complemented by the continued subscriber
growth across all brands. On a quarterly perspective, Globes mobile revenues are up 5% from P18.5
billion in the first quarter of the year to P19.3 billion, registering a new quarterly high.
Mobile voice revenues, which accounted for 46% of total mobile service revenues, grew by 9% compared
to the same period last year due to the continued popularity of unlimited and bulk domestic voice
subscriptions, offsetting the decline in pay-per-use domestic voice and international voice services.
Against last quarter, mobile voice revenues were up slightly by P26 million at P8.7 billion.
Mobile SMS revenues, which contributed 38% of mobile service revenues, closed the first half at P14.2
billion, slightly lower from the P14.3 billion SMS revenues recorded in the same period last year. The
decrease in SMS revenues on a year-on-year basis reflects the continued shift from regular, pay-per-use
SMS services to bucket and unlimited promotions. However, SMS traffic in aggregate continues to
remain strong, growing 2% year-on-year and 5% quarter-on-quarter. On a sequential basis, mobile SMS
revenues improved by 3% to P7.2 billion from P7.0 billion the previous quarter.
Mobile browsing & other data revenues, which now accounted for 16% of total mobile service revenues,
stood at P6.2 billion for the first half of 2014, up 11% from P5.6 billion a year ago. The positive growth
was mainly driven by the continuous demand for data services and the popularity of data-driven products
and applications, the improved and increasing 3G, HSPA+ and LTE networks and the proliferation of
data-enabled devices. On a sequential basis, mobile browsing & other data revenues improved by 23%,
which coincided with the conclusion last April 2014 of the successful Free Facebook promotion which
began in November 2013. Aimed to seed the habit of mobile browsing on Globes expanded 3G and 4G
networks, initial results after the Free Facebook campaign resulted in a step increase in mobile data users,
boosting registered mobile data users to 8.9 million monthly average post-Facebook promotion, and
revenue uplift. In addition, the promotion provided additional strategic benefits in terms of improved
brand equity, providing new customer insights, particularly for prepaid subscribers, and the ability to
integrate below-the-line activities and promotions moving forward.



Press Release 2Q 2014 7



Key Drivers for the Mobile Business
I n Million Pesos
Quarter on Quarter Year on Year
Q2 Q1 QoQ 1H 1H YoY
2014 2014
Change
(%) 2014 2013
Change
(%)
Cumulative Subscribers (or SIMs)
Net End of Period 42,717,758 40,749,094 5% 42,717,758 36,092,177 18%
Globe Postpaid 2,078,635 2,088,413 - 2,078,635 1,895,183 10%
Prepaid 40,639,123 38,660,681 5% 40,639,123 34,196,994 19%
Globe Prepaid 19,336,030 18,699,346 3% 19,336,030 16,946,052 14%
TM 21,303,093 19,961,335 7% 21,303,093 17,250,942 23%

Ave. Revenue Per Subscriber
(ARPU)
1


Globe Postpaid 1,207 1,140 6% 1,184 1,206 -2%
Prepaid
Globe Prepaid 125 128 -2% 127 142 -11%
TM 77 77 - 77 88 -13%

Subscriber Acquisition Cost (SAC)
Globe Postpaid 9,272 9,074 2% 9,170 7,145 28%
Prepaid
Globe Prepaid 22 23 -3% 23 31 -26%
TM 12 15 -20% 14 22 -39%

Ave. Monthly Churn Rate (%)
Globe Postpaid 3.2% 2.2% 2.7% 1.9%
Prepaid
Globe Prepaid 5.9% 5.4% 5.7% 5.7%
TM 6.5% 6.5% 6.5% 6.0%
1
ARPU is computed by dividing recurring gross service revenues (gross of interconnect expenses) per segment by the average number of the
segments subscribers and then dividing the quotient by the number of months in the period.
Globe ended the first half with a total mobile subscriber base of 42.7 million, up 18% from 36.1
million subscribers versus same period last year. Acquisitions for both Globe Prepaid and TM
reached another record-high with over 9.4 million new subscribers in the second quarter of 2014, up
up 5% quarter-on-quarter, bringing total gross acquisitions for the first six months to 18.7 million or
28% higher year-on-year. Despite higher churn for the period, net incremental subscribers improved
to 4.2 million, 43% higher than 2013 level of 3.0 million net additions in the first half of 2013.
Globe remained as the leader in the postpaid segment with sustained growth in subscribers. As of end
June 2014, Globe had 2.1 million postpaid subscribers, up 10% from the 1.9 million as of the second
quarter of 2013. The continued success of the fully customizable and best-in-class postpaid plans,
together with the exclusive device offers and innovative deals helped sustain gross additions to reach

Press Release 2Q 2014 8


389,695 for the first six months of year, up 12% from 348,645 in the same period last year. Year-to-
date, net incremental postpaid subscribers stood at 53,097, 67% lower than 2013 level of 160,715.
The decrease in net additions was due to the elevated level of churn in the second quarter of 2014,
given the churn of the residual 71 thousand subscribers affected by Typhoon Yolanda and the
accumulated billings after the migration to the new business support system.
Globe Prepaid gross acquisitions slightly improved in the second quarter versus the preceding
quarters record highs, bringing gross additions to 7.9 million or 27% higher than same period last
years level of 6.2 million. First halfs net incremental subscribers also improved by 196% to
1,499,589 from 505,910 in same period of 2013, despite the elevated churn rates of 5.71% this period
from 5.67% in same period last year.
TM on the other hand, generated the highest gross acquisitions during the quarter, 5,385,300 new
SIMs or 6% better than previous quarter level of 5,087,842. The extension of the Free Facebook
promo boosted this quarters acquisition coupled by TMs continued aggressive acquisition efforts.
Despite the increased churn rate as of end June 2014, net incremental subscribers increased by 17%
from about 2.3 million in 2013 to 2.7 million this period.
First half 2014 blended ARPU declined by 10% to P156 from P173 of 2013, due to the combined
effects of higher multi-SIM usage and continued pressures on yields caused by the shift to value-
based bucket and unlimited offers. Globe Postpaid ARPU of P1,184 was lower than last years
P1,206. Globe Prepaid ARPU declined by 11% year-on-year resulting from the revenue dilution
from unlimited and bucket service offerings. TM ARPU was down by 13% year-on-year with the
continued shift from regular pay-as-you-use service to unlimited and value offers.
Globe Postpaid subscriber acquisition cost (SAC) significantly increased year-on-year and quarter-
on-quarter by 28% and 2%, respectively. Nevertheless, Globe Postpaid SAC remained recoverable
within the 24-month contract period. Globe Prepaid SAC decreased versus last year and last quarter
by 26% and 3%, respectively due to lower ads and promo as well as decline in commissions.
Similarly, TM SAC, declined from same period a year ago by 39% due to lower ads and promo.
Globe Prepaid and TM SAC remained recoverable within a months ARPU.













Press Release 2Q 2014 9


Fixed Line and Broadband Business
I n Million Pesos
Quarter on Quarter Year on Year
Q2 Q1 QoQ 1H 1H YoY
2014 2014
Change
(%) 2014 2013
Change
(%)
Service Revenues
Broadband 3,065 2,790 10% 5,855 5,145 14%
Fixed Line Data
1,313 1,319 - 2,632 2,259 17%
Fixed Line Voice
745 665 12% 1,410 1,287 10%
Fixed Line & Broadband Service
Revenues
5,123 4,774 7% 9,897 8,691 14%
For the first semester of 2014, the fixed line and broadband segments posted a 14% growth in revenues
from P8.7 billion to P9.9 billion. The growth was driven by improvements across the three business
segments, each growing by double digit year-on-year. Globe Tattoo Broadband revenues improved 14%
year-on-year, from P5.1 billion to P5.9 billion, as a result of the 24% expansion of its customer base.
The consistent double digit growth in the broadband business for both wired solutions (+12%) and
wireless services (+27%) resulted from the sustained aggressive acquisitions campaigns as well as the
competitive pricing offers and product bundles during the period. Quarter-on-quarter, revenues likewise
grew by 10% from P2.8 billion last quarter to P3.1 billion in the second quarter of 2014. Tattoo
Broadbands sustained growth was mainly due to the improved ARPUs across all product segments and
higher subscriber base for both Tattoo-At-Home and Tattoo-On-The-Go, rising to 2,248,116 subscribers
from 2,190,378 last quarter.
I n Million Pesos
Quarter on Quarter Year on Year
Q2 Q1 QoQ 1H 1H YoY
2014 2014
Change
(%)

2014 2013
Change
(%)
Cumulative Broadband Subscribers

Wireless
1

1,835,781 1,798,378 2% 1,835,781 1,445,363 27%
Wired
412,416 392,000 5% 412,416 368,648 12%
Total (end of period)
2,248,197 2,190,378 3% 2,248,197 1,814,011 24%
1
Includes fixed wireless and fully mobile broadband subscribers

The fixed line data segment sustained the positive revenue growth with P2.6 billion in the first six months
of the year, 17% higher year-on-year, largely on domestic and internet services subsequent to 23% circuit
base expansion. Datas non-core services likewise posted growth against last year by 7% mainly coming
from Cloud and business application services. The Companys continued expansion of Globes portfolio
of products and services to cater to the needs of its corporate clients, such as sales and marketing,
intercompany communications, database management and data storage, resulted in the year-on-year
improvement in revenues. Likewise, the expansion of the local IT Enabled Service (ITES) industry which
includes call centers and Business Process Outsourcing (BPO) companies also helped drive the growth of
the corporate data business.
Total fixed line voice revenues improved year-on-year and quarter-on-quarter by 10% and 12%,
respectively, due to higher ARPU and increase in subscriber base.

Press Release 2Q 2014 10



For questions, please contact:


Tek O. Olao Jose Mari S. Fajardo
Financial Planning and Analysis Investor Relations
Email: joolano@globe.com.ph Email: ir@globetel.com.ph
(632) 797-4307