ABS-CBN Convergence Inc. partnered with Globe Telecom Inc. (PSE: GLO) in 2013 for a five-year services agreement to deliver content and telecom services on mobile devices through its ABS-CBNmobile brand. This services agreement expires this year.
After a thorough assessment, ABS-CBN Convergence deemed its current mobile business model to be financially unsustainable. As a result, ABS-CBN Convergence and Globe have reached an agreement not to renew their mobile network sharing contract.
All ABS-CBNmobile prepaid, postpaid, and SkyMobi subscribers will continue to enjoy text, call, and data services until November 30,2018.
ABS-CBN Convergence expresses its gratitude to its loyal subscribers and will provide them with updates on their plans and subscriptions.
As the mobile network sharing winds down, ABS-CBN Corp. (PSE: ABS) and Globe Telecom continue to bank on their competencies and focus on new synergies to serve their customers better, such as the promotional bundling of ABS-CBN TVplus boxes with Globe At Home prepaid WiFi and making ABS-CBN TVplus’ KBO (Kapamilya Box Office) and iWantv over-the-top services available to all Globe subscribers.
In relation to this, all ABS-CBNmobile and SKYmobi promo offers will no longer be offered to subscribers effective October 25, 2018.