AYALA-LED Globe Telecom, Inc. is looking to secure deals with more content partners, as it launched a cybersecurity and intellectual property protection campaign.
Globe Chief Executive Officer Ernest L. Cu said the Ayala-led company will be stricter in protecting intellectual property as it reaches about one million broadband lines, beating its 2020 target.
“You know, Globe is partnered with some of the largest studios [like Fox, Disney and Netflix]. Netflix spend $6 billion to $8 billion in content every year. That content has to be protected,” he told reporters late Friday.
Globe’s latest content partner is Viu, known as a streaming site for Asian dramas and shows. Viu will be available to Globe users in April.
Mr. Cu said the telco is “very active and very aggressive [in] blocking of illegal sites.”
Globe reported it closed 2,471 sites that host malicious content such as child pornography last year.
“Globe is a big advocate of cyber security, a big advocate of using the Internet responsively,” Mr. Cu said. “We have many programs, [like] the digital thumbprint program, the grassroots program, to educate kids on how to use Internet.”
Mr. Cu said Globe will also be working on programs to address cyberbullying and fake news.
Aside from their digital and online content, Globe is also bullish on its virtual wallet service GCash as it continues to sign more deals with food and beverage merchants.
Globe reported its net profit dropped 5% to P15.08 billion in 2017 as “increased investments in data network pushed non-operating expenses and depreciation charges higher.”
Consolidated service revenues rose 6% to a record P127.9 billion in 2017.
“The sustained revenue momentum was driven by the solid growth in data-related products brought about by the increasing popularity of streaming and on demand video content,” Globe said. — Anna Gabriela A. Mogato