Singapore — Globe Telecom and Singapore-headquartered technology services firm NCS have completed their joint venture, strengthening their combined digital, cloud, data and AI capabilities while accelerating expansion across Asia Pacific.
The deal, first announced on March 26, 2025, sees Globe retaining a 49% stake and NCS holding 51% in Yondu Inc., alongside Yondu’s acquisition of NCSI Philippines from NCS.
Following the transaction, Yondu will be renamed NCS Philippines, immediately extending the joint venture’s regional scale, partner ecosystem access and technology expertise.
The completed partnership positions the joint venture to meet rising regional demand for advanced ICT solutions, particularly within the telecommunications sector, while broadening access to digital, cloud, data and AI services for both regional and international clients.
Carl Raymond R. Cruz, president and CEO of Globe Telecom, said, “The successful close of this agreement marks a powerful moment for Globe. We are now better equipped than ever to deepen our commitment and deploy world-class ICT solutions for our customers, while simultaneously creating the robust platform necessary to accelerate the expansion of our services and customer base across APAC.”
Cruz added, “We are confident this partnership forms the foundation for sustainable growth, benefiting local enterprises and opening exciting new doors throughout Asia Pacific.”
Carlo Puno, Globe’s chief finance officer, treasurer and chief risk officer, emphasised, “This is a significant financial milestone that positions Globe for stronger capital efficiency and sustainable revenue growth.”
He asserted, “This joint venture is not just about expansion; it’s about building a fiscally resilient platform that will deliver long-term value to our shareholders while ensuring we have the flexibility to invest in next-generation ICT solutions.”
Ng Kuo Pin, CEO of NCS, said, “Closing this joint venture represents a significant step forward in NCS’ APAC growth and our internationalisation focus.”
“This scales our Philippines workforce to more than 1,200 professionals, strengthens our delivery capacity, and gives clients expanded access to our digital, cloud, data and AI expertise throughout APAC,” Pin underscored, highlighting how the depth of talent and expertise in the Philippines will be instrumental as they continue to drive AI-led transformation and create greater value for their clients.
Rey Untal, country managing director of NCS Philippines, added, “This creates significant opportunities for our Philippines-based talent to grow, specialise, and take on regional roles. This expanded runway allows our teams to apply their skills to digital transformation projects across APAC, elevating their careers and the value we deliver to clients.”
With the joint venture now finalised, Globe and NCS move forward with a strengthened platform designed to scale technology services, deepen regional collaboration, and support long-term digital transformation across Asia Pacific.
