Globe’s Cu says ‘it’s not all about speed’ after MVP said competitors “pull down” PH rankings

As both Globe and PLDT compete with Converge, an all-fiber firm, Globe Telecom CEO Ernest Cu warns against making “sweeping statements.”

Following PLDT president and CEO Manny Pangilinan’s statement that competitors “pull-down” the Philippines’ internet ranking, Globe Telecom CEO Ernest Cu replied, “It’s not all about pace.”

When asked about Pangilinan’s remark at Globe’s first-quarter earnings conference, Cu cautioned against making “sweeping statements” like that.

“I will be very careful about making statements given that we are in a similar position [with PLDT] as legacy telco, given the fact that they compete with an upstart like Converge – an all-fiber company,” Cu said on Friday, May 7.

“It would be very difficult to say they would pull the speeds down when on average, the speed of an all-fiber network will be faster than a hybrid network that PLDT and Globe have,” Cu added.

Cu said the following as he made his point: “It’s not all about speed. It’s really about what you should experience.”

“Frankly, I don’t know if you would feel the difference between a 40-Mbps (megabits per second) network and a 30-Mbps network.”

The Philippines ranked 81st for fixed broadband and 86th for mobile in Ookla’s global speed ranking for March, with average speeds of 46.25 Mbps and 25.43 Mbps.

Source: Rappler

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