The Singaporean unit of Globe Telecom Inc. has secured a facilities-based operations (FBO) license to provide international cable and other telecommunications services in the city-state, in line with its Southeast Asian expansion ahead of an Asian-wide expansion.
GlobeTel Singapore Pte. Ltd. is a wholly owned subsidiary of GTI Business Holdings Inc., in turn a wholly-owned subsidiary of Globe.
Globe aims to serve Philippine customers – individuals, household or companies, who are in Singapore, COO Gil Genio said in a text message to GMA News Online.
"This particular license given to a Globe subsidiary in Singapore allows us to have our own network facilities, improving quality of service and lowers our costs to operate there," he said.
Globe said GlobeTel Singapore’s offer to provide international cable services will help strengthen connectivity between Singapore and the Philippines and provide support for businesses operating in the two countries.
Service offers by GlobeTel Singapore will also provide alternate and redundant cable paths from Singapore to Hong Kong and Japan, transiting the Philippines, to further strengthen regional connectivity.
This year, the ASEAN Economic Community sets in motion the creation of single market and production base for the 10-nation bloc fostering free flow of goods, services, skilled labor, investments and capital.
ASEAN members include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
