Globe Telecom expects service revenue to grow in 2021, reversing the slowdown seen last year due to the COVID-19 lockdown.
Globe chief finance officer Rizza Maniego-Eala said revenue growth would likely end in the “low-to-mid single digit” area.
It dropped 2 percent for full-year 2020 as all major business segments, save for home broadband, felt the impact of the global health crisis.
“We are optimistic about regaining the momentum we have lost as the economy continues to recover,” Maniego-Eala said on Wednesday.
Globe typically does not share net income targets but it noted that margins on earnings before interest, taxes, depreciation and amortization (Ebitda)—a measure of…
Keep on reading: Globe sees return to revenue growth in 2021