Globe's Ernest Cu among most powerful telecom execs worldwide
Globe Telecom President & CEO Ernest Cu kept his position as one of the most powerful telecommunication executives in the world with his inclusion in the elite list of Global Telecoms Business Power 100 for 2017. Getting this recognition for the fifth straight year, Cu is the only Filipino executive to make it to the Power 100 and among the top 12 in Asia.
The GT Business Power 100 annually releases its list of the most powerful people in telecoms worldwide. GTB is the only magazine and website dedicated for senior executives of telecommunication companies worldwide.
“Cu, who has led Globe Telecom in the Philippines since 2008, has watched over its network modernisation program and seen the company improve market share. This year Globe and rival operator PLDT completed a deal to acquire 700MHz spectrum for $1.5 billion from San Miguel – despite regulatory opposition,” GTB said of Globe Telecom’s chief executive.
Globe has gained market share every year for the last half a decade despite intense competition from a well-entrenched incumbent. Following the massive network modernization program of Globe in 2011, the company saw unprecedented business growth driven by game-changing initiatives including promotion of the digital lifestyle, innovative offers and content partnerships with iconic global brands, underpinned by a robust 3G and 4G network. Globe is now recognized as the number one mobile brand in the country.
“The recognition is a validation of our initiative and strategy in serving the needs of our customers and improving the over-all connectivity in the country, in the hope of bringing first-world internet experience in the Philippines,” said Cu.