Do repost and rate:
Ditas B Lopez
Cecilia Yap
Globe Telecom Inc., the Philippines’ second-biggest telecommunications company, expects e-wallet unit GCash to be ready for an initial public offering by yearend, President and CEO Ernest Cu said.
“We’re pretty much ripe for it. The growth is there, the profitability has been there for almost two years now,” Cu said in an interview on Thursday with Bloomberg Television’s David Ingles and Yvonne Man. “The plan is to be push-button ready by the end of the year. Let’s see where it takes us,” he said.
