Net profit revenues in H1

on the other hand, posted 111.2 billion and 115.3 billion, respectively.

Globe’s home broadband business performed well in the second quarter (+4% vs. prior quarter), bringing its first half revenues to 18.6 billion.

This was largely attributed to subscriber expansion in fixed wireless solutions (+40%), coupled with the positive market response to the new and more flexible home broadband bundles and plans.

Total home broadband subscriber base now stands at over 1.5 million or 22% higher from a year ago.

Globe continues to aggressively roll out broadband lines with the company’s bid to roll out ultra-fast internet service to 2 million homes by 2020.

Globe’s corporate data business also posted 15.3 billion in revenues this period, mostly driven by higher customer base, circuit count increase, and higher usage, given the demand for various business solutions, as well as faster and reliable connectivity.

Traditional fixed line voice revenues, on the other hand, generated a total of 11.5 billion this period. On a sequential basis, corporate data revenues grew by 5% while fixed line voice revenues declined by 3% against the first quarter.

Globe’s consolidated EBITDAs (earnings before income tax, depreciation and amortization as of end-June 2018 reached 133.0 billion with EBITDA margin of 49%.

Compared to prior quarter, consolidated EBITDA increased by 5% while EBITDA margin was at 50%. Total operating expenses and subsidy ended at 134.2 billion.

Depreciation expenses remained elevated as Globe continues to expand its network with the acceleration of its LTE and broadband rollout.

Likewise, Globe’s core net income, which excludes the impact of nonrecurring charges, and foreign exchange and mark-to-market charges, stood at 110.3 billion.

“We are encouraged by the positive business momentum in the first half of 2018," says Ernest L. Cu, Globe President and CEO.

"These results validate our strategy in driving the digital lifestyle of our customers and reaffirm our status as the country’s leader in mobile."

"Our efforts to further modernize our network play a critical role in our company’s performance. We believe we are well positioned to compete in this highly challenging market going forward.”

Globe spent around 122.9 billion in capital expenditures as of end-June of 2018 to support the growing subscriber base and its rapidly changing and rising demand for data.

Of the total capital expenditures spent this period, about 77% was for the data service needs of its customers. To date, Globe has a total of 39,614 base stations, with over 26,200 for 4G1 to support the service requirements of its customers.