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In 1965, Globe Wireless Limited was merged with Mackay Radio & Telegraph Company and Philippine Press Wireless to form Globe-Mackay Cable and Radio Corporation ("Globe-Mackay"), [1] with the transfer of Mackay's franchise to Globe Wireless Limited approved by the Congress through Republic Act No. 4491 enacted on June 19, 1965. [16]
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TM was launched on September 12, 2001, as Touch Mobile, initially catering to the middle income market, and has since covered lower-income groups as well, making it Globe's value brand offering. [ 1 ] [ 2 ] [ 3 ] The service has gained popularity for its discounted call and messaging services, with the "All Network" offers allowing TM ...
Following Globe Telecom’s tender offer for Bayan's debt in 2012, Globe Telecom held 96.5% of the total debt of Bayan at the end of that year. As proposed, restructuring would decrease the outstanding principal debt of Bayan from US$423.3 million to US$131.3 million, through the conversion of up to 69% of Bayan debt into Bayan shares.
On May 28, 2013, entertainment and media conglomerate ABS-CBN and wireless telecommunications giant Globe Telecom signed a historic network-sharing agreement which allows the two companies to share assets such as frequencies, switches, servers, and transmitters and allows ABS-CBN to offer its own prepaid and postpaid SMS, voice, and data services to its own targeted market.
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