{
  "id": 10486371,
  "title": "Globe leans on GCash, data centers for value",
  "url": "https://urgent.news/2026/09/28/globe-leans-on-gcash-data-centers-for-value",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/09/29/2559561/globe-leans-gcash-data-centers-value"
  },
  "original_language": "en",
  "account": "Manila, Philippines — Globe Telecom Inc., the telco-to-tech giant, is banking on its digital units to generate more investor interest and offset its recent profit decline. According to market strategist Joel dela Peña of H.E. Bennett Securities Inc., Globe is currently underpriced at P1,590 per share, down from a low of P1,401 due to inflation and missed targets. However, he believes Globe has the potential to reach P1,964 in the next 52 weeks, with market experts suggesting a higher price of P2,242.22. Dela Peña highlights Globe's substantial ownership in GCash’s parent company, Mynt Inc., through Globe Capital Venture Holdings Inc., which holds a 33.84 percent stake. This investment grants Globe investors a fractional share in the country's leading e-wallet. Additionally, Globe operates ST Telemedia Global Data Centers (STT GDC) Philippines, which is constructing the Philippines' largest data center, STT Fairview, with a capacity of 124 megawatts. The market for data centers in the Philippines is still underdeveloped, with the country capable of hosting only 0.8 MW per million people, compared to Thailand's 1.9 MW and Indonesia's 1.4 MW. Despite this, the Philippines is expected to increase its data center demand to 155 MW by 2030, primarily driven by AI. As Mynt executes its IPO and Globe's data center venture starts generating profits, Dela Peña predicts Globe's valuation will rise accordingly.",
  "summary": "Telco-to-tech giant Globe Telecom Inc. is betting on its digital units to pick up more investor interest as it moves to cushion its recent profit slowdown.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}