Smart Communications as the largest telecommunications company it terms of subscriber base with 65.8 million subscribers, 200,000 more than its rival. In 2017, Globe Telecom's CEO, Ernest Cu was named the CEO of the year by the World Communication Awards 2017. In 2018, Globe Telecom was selected as the best workplace in Asia. and the Internet was proposed to be extended in Europe. On December 14, 2018, Philippine President Rodrigo Duterte signed Republic Act No. 11151 which renewed Innove's legislative franchise for another 25 years. The law granted Innove a franchise to construct, establish, install, lease, co-use, purchase, operate and maintain all types of mobile and fixed wireless telecommunications, and use all the apparatus, conduits, appliances, receivers, transmitters, antennas, satellites and equipment necessary for the transmission/reception of data, messages, videos and signals, with the corresponding technological auxiliaries, facilities, distribution or relay stations, throughout the Philippines. On October 1, 2020, Globe Telecom launched "GOMO", the country's first fully digital telco. Radio frequency summary Ownership Updated Shareholding Structure of Globe Telecom as of 30 September 2021: Subsidiaries 917Ventures – 100% ownership AdSpark Inc. Global Telehealth, Inc. (KonsultaMD) Inquiro – 49% ownership Mynt (formerly Globe Fintech Innovations, Inc.) – 45% ownership; co-owned with Ayala Group and Ant Financial Fuse Lending – mobile financial solutions provider, marketed under the GLoan and GGives brands G-Xchange (GXI) – mobile payment and remittance service, marketed under the GCash brand Rappit (in partnership with Puregold) – 50% ownership. Formerly PureGo. Rush – 49% ownership Asticom Technology, Inc. – 100% ownership Bayan Telecommunications, Inc. (BayanTel) – 98.57% ownership Flipside Publishing Services, Inc. (FPSI) – 40% ownership GTI Business Holdings (GTI) – 100% ownership Innove Communications, Inc. (Innove) – 100% ownership Kickstart Ventures, Inc. (Kickstart) – 100% ownership Kroma Yondu (formerly Entertainment Gateway Group Corp.) – 100% ownership Joint ventures ABS-CBN Convergence – 32% ownership Bridge Mobile – 10% ownership Cherry Mobile Prepaid Vega Telecom – 50% ownership Affiliates AF Payments, Inc. – 20% ownership Mass media and entertainment Bethlehem Holdings Inc. (BHI) – a media investment firm through its group's funded retirement pension agency. Altimax Broadcasting Company (Altimax) – 86% ownership; co-owned with Velarde, Inc. (14%) Broadcast Enterprises and Affiliated Media (BEAM) – 100% ownership Kroma Entertainment (formerly Sphere Entertainment) – a multi-platform innovative tradigital (traditional and digital) entertainment company launched on April 6, 2022, backed by 917Ventures Retirement Fund. Anima (formerly Globe Studios) – film and entertainment production.