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                    [ArticleID] => 177477
                    [Title] => Globe Telecom sees P1-B net income for Q3
                    [Summary] => Ayala-owned Globe Telecom expects to post a P1-billion net income during the third quarter of this year, despite an asset write-off of around P2.2 billion resulting from the shutting down of part of its subsidiary Isla Communications‚ network.


Company officials yesterday announced that the wireless networks of Globe Telecom and Islacom have been operationally integrated, a move that is projected to save the former around P1.5 billion in capital expenditures and P600 million every year in cash operating expenses.


                    [DatePublished] => 2002-09-26 00:00:00
                    [ColumnID] => 133272
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GLOBE AND ISLA

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                    [ArticleID] => 177477
                    [Title] => Globe Telecom sees P1-B net income for Q3
                    [Summary] => Ayala-owned Globe Telecom expects to post a P1-billion net income during the third quarter of this year, despite an asset write-off of around P2.2 billion resulting from the shutting down of part of its subsidiary Isla Communications‚ network.


Company officials yesterday announced that the wireless networks of Globe Telecom and Islacom have been operationally integrated, a move that is projected to save the former around P1.5 billion in capital expenditures and P600 million every year in cash operating expenses.


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abtest

Globe Telecom sees P1-B net income for Q3

September 26, 2002 - 12:00am

Ayala-owned Globe Telecom expects to post a P1-billion net income during the third quarter of this year, despite an asset write-off of around P2.2 billion resulting from the shutting down of part of its subsidiary...

Business