Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

PLDT expects ‘big growth’ in 2022

PLDT, Inc. on Sunday said it anticipates “big growth” in the coming year, as it expects to surpass its one million new fiber customers target for this year.

“We are in a position of strength both in the home and enterprise segments, and are determined to stay head,” PLDT and Smart Communications, Inc. President and Chief Executive Officer Alfredo S. Panlilio said in an e-mailed statement.

“We have new ports coming in that will enable our Home team to offer our services to all Filipinos that remain unserved. As this continues to be a huge demand, we look forward to big growth as well next year,” he added.

PLDT said it breached the 800,000 new installations mark as of end-September.

Its Home business saw more than 324,000 new fiber customers in the previous quarter.

“Demand for easy installation and reliable connectivity at home continues to drive PLDT’s Home business growth streak as more customers adjust to the digitalization of hybrid work and school setups,” PLDT noted.

The telco’s fiber footprint now spans over 615,000 kilometers, with over 12.7 million homes passed and 5.3 million ports ready for service.

As of the third quarter, PLDT’s attributable net income declined 4.6% to P18.8 billion from P19.7 billion a year ago.

PLDT’s telco core income, which excludes the impact of asset sales and Voyager Innovations, climbed “10% year on year, or P2.1 billion, to P23.1 billion in the first nine months of 2021, helped by lower tax rates,” the company said in a statement.

PLDT Home saw its revenue increase 25% to P35.3 billion for the January-September period. Its third-quarter revenue went up 29% to P12.6 billion.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Economy

In the wake of Covid-19, people are working harder than ever. While many of us thought productivity may dip when we started working from...

Economy

Few individuals can resist the temptation to try before they buy; therefore, it was only a matter of time until online casinos realized this...

Forex

At a time when the world is battling to get through the dreaded coronavirus pandemic, protective face masks have come out to be the...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.