Globe Granted FBO License by Singapore’s IDA

Taguig—(PHStocks)—Globe Telecom Inc. (PSE: GLO) has announced that the Infocomm Development Authority of Singapore granted GlobeTel Singapore Pte Ltd a facilities-based operations (FBO) license to enable GlobeTel Singapore to provide international cable capacities and other telecommunications services in Singapore. GlobeTel Singapore is a wholly owned subsidary of GTI Business Holdings Inc. which is in turn a wholly owned subsidiary of Globe.

GlobeTel Singapore’s offering will boost connectivity requirements between Singapore and the Philippines, further improving business relations between then. In addition, the offering will provide alternate and redundant cable paths from Singapore to Hong Kong and Japan transiting the Philippines, ensuring stable connectivity.