Globe Telecom Inc. said Wednesday it is moving beyond telecom services to generate additional revenues.
Globe president and chief executive Ernest Cu said while telecommunications is the core of its business, the company expanded its services to include fintech, healthtech, adtech and e-commerce, among others.
“Globe has moved beyond telco. Although telco remains to be our core business, we continue to build businesses that leverage our reach as a telco, our capital, and everything else that we do,” Cu said.
Globe, through wholly-owned corporate venture builder 917Ventures, scales and accelerates eight companies and incubates six seed ventures plus three angel ventures. 917Ventures’ portfolio includes the likes of e-wallet popular brand GCash, loyalty and e-commerce solutions provider RUSH, online grocery shopping platform PureGo, digital and mobile marketing solutions firm AdSpark and telehealth service platforms KonsultaMD and HealthNow.