PLDT focuses on home broadband services

Listed telecoms giant Philippine Long Distance Telephone Co. (PLDT) has strengthened its leadership in the home broadband business with both revenues and subscriber numbers growing at double-digit rates as the company rolls out more Fiber-to-the-Home (FTTH) lines and offers a growing range of rich digital content and services in more parts of the country.

In its first half report, PLDT said revenues of its Home business unit grew 12 percent year-on-year to P15.8 billion and its subscriber base increased 10 percent to 3.88 million versus the same period last year.

In the Home industry, PLDT accounted for around 66 percent of new residences connected with high speed internet, a clear indicator that it is fortifying its leadership in this market. Data continues to power PLDT Home’s revenue growth, climbing 15 percent to P9.7 billion in the first half of this year.

Voice revenues also contributed, increasing six percent to P6.1 billion. “Along with our Enterprise business unit, PLDT HOME has continued to set the pace for service revenues, growing for at least six consecutive quarters already,” PLDT President, Chairman and CEO Manuel Pangilinan said. RIZA LOZADA