How it started
History
On December 8, 1928, the Philippine Legislature passed Act No. 3495 granting the Robert Dollar Company (a corporation organized and existing under the laws of the State of California), a franchise to operate wireless long-distance message services in the Philippines. Subsequently, the Legislature passed Act No. 4150 on November 28, 1934, to transfer the franchise and privileges of the Robert Dollar Company to Globe Wireless Limited, which was incorporated in the Philippines on January 15, 1935.
In 1965, Globe Wireless Limited was merged with Mackay Radio & Telegraph Company and Philippine Press Wireless to form Globe-Mackay Cable and Radio Corporation ("Globe-Mackay"), with the transfer of Mackay's franchise to Globe Wireless Limited approved by the Congress through Republic Act No. 4491 enacted on June 19, 1965. By Republic Act No. 4630 enacted in the same date by the Congress, its franchise was further expanded to allow Globe-Mackay to operate international communications systems.
In 1974, Ayala Corporation began its investing in Globe-Mackay. It offered its shares to the public on August 11, 1975, becoming the first telecommunications company in the country to do so.
Globe-Mackay was granted a new franchise on December 24, 1980, by Batasang Pambansa, under Batas Pambansa Blg. 95, extending it for 50 years.
In 1991, it merged with Clavecilla Radio Corporation, a domestic telecommunications pioneer, to form GMCR, Inc. The merger gave GMCR the capability to provide all forms of telecommunications to address the international and domestic requirements of its customers. The merger was also approved by the Congress through Republic Act No. 7229 enacted on March 19, 1992, which amended its franchise.
From Wikipedia’s article on Globe Telecom, shared under CC BY-SA 4.0.3