The Market Monitor Minding the Nation's Business
By Riza Lozada
Globe Telecom is the most awarded telecommunications operator in the first half as a result of a series of recognitions given to the company by various institutions.
“The string of awards given to Globe testify to the company’s excellence in creating shared value to all our stakeholders even in the face of intense industry competition amid a continuing customer adoption of a digital lifestyle,” Globe Senior Vice President for Corporate Communications Yoly Crisanto said.
Two of such awards conferred on the company are Frost & Sullivan Philippines Telecom Service Provider of the Year Award and Mobile Service Provider of the Year Award.
Both awards were given to Globe for having demonstrated exemplary growth and performance in 2015.
Both awards were evaluated based on the number of subscribers, subscriber growth, revenue growth, earnings before income tax, depreciation and amortization (EBITDA) margin and net margin.
Earlier this year, Globe was also named by Frost & Sullivan Asia Pacific as Telecom Service Provider of the Year award for 2016, also in recognition of the company’s impressive business performance in the previous year.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development.
Globe also recently gained recognition from Institutional Investor, a leading international business to business publisher, focused primarily on international finance.
Based on the results of its 2016 All Asia (ex-Japan) Executive Team rankings survey, Globe President & CEO Ernest Cu came out second place in the Overall Best CEO category for Telecommunications, and third place Sell-Side Best CEO category.
Institutional Investor’s 2016 All-Asia Executive Team surveyed buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region. Specifically, they were asked to name the best chief executive officers, chief financial officers and investor relations professionals at the companies in their coverage universes. All votes are weighted by place (first, second, third or fourth).
Globe was also recognized as an “Honored Company” as the company secured at least one Top Three position in the Telecommunications sector. According to Institutional Investor Research, a total of 1,541 companies across 18 sectors were nominated this year, making the possibility of a top three position quite competitive. The 2016 All-Asia Executive Team survey reflects the opinions of 1,394 investment professionals at 582 financial institutions.
Respondents of the buy side work at firms that collectively manage an estimated $963 billion in Asia ex-Japan equities.
In addition, Charlton East Coles, an independent market research firm, conferred two citations on Globe Telecom. Specifically, the company was named Philippines Company of the Year 2016-Top 15 and Philippines Diversified Telecommunications Services Company of the year 2016, based on a survey of fund managers and analysts into their perceptions of Asia’s largest corporates.
A total of 213 fund managers and analysts across the region and they were asked to rate the largest listed companies across 10 categories, with a total score then given for each company. Charlton East Coles is the leading financial research firm in the equities, investment banking & corporate performance markets in Australia.
Globe Telecom also was declared first runner-up in Best in Ethics and Governance Award at the ASEAN Corporate Sustainability Awards 2016, a category that recognizes the unwavering commitment of organizations towards the upholding the highest levels of governance and business ethos over and beyond compliance needs.
The recognitions attest to the company’s commitment in upholding good corporate governance that helps drive its business success.
The ASEAN Corporate Sustainability Summit and Awards has been the pre-eminent sustainability forum in the Philippines.
Each year, it has been a host to luminaries of all sectors from both Philippines and beyond. This year’s ACSSA focused on the newly-launched Global Goals.