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PLDT and Hutch sign a MVNO deal in Italy (Italy, Philippines)

  • September 29th, 2008
  • 6:03 am

Philippine Long Distance Telephone Co.(PLDT)has signed deals with Hutchison Whompoa’s two units for a MNVO in Italy.
The MVNO service will be called “SMART Pinoy,” anchored on the platform of mobile phone unit Smart Communications Inc. The all new MVNO will be offering cheap rates for mobile phone calls and text messaging from Italy to the Philippines.
Additionally, it will offer electronic loading, sharing prepair mobile phone airtime credits, as well as Italy’s most wanted services such as video calls and streaming.

   

PLDT’s Q2 profit rises on cellular gains, raises full-year guidance(Philippines)

  • August 8th, 2007
  • 3:14 pm

The Philippines’ dominant telecoms company Philippine Long Distance Telephone Company (PLDT) reported a near 15% year-on-year rise in profits in the three months to end-June, thanks to strong gains at its mobile business Smart Communications (incl. Piltel) which helped offset a drop in fixed line revenues. Core earnings, excluding foreign exchange and derivative gains, climbed to PHP8.76 billion (USD192.5 million), compared to PHP7.64 billion in the same period last year. Core profit in 1H 2007 climbed 13.2% to PHP17.2 billion on the back of the net addition of 2.9 million mobile subscribers in the six-month period to lift the group’s total to more than 27 million by the end of June. The positive results have led PLDT to revise upwards its core earnings estimate for the full year, although the company declined to provide a specific figure. Earlier guidance set the figure at PHP33 billion. Fixed line sales dipped 2% to PHP23.6 billion in the first half of 2007 as broadband and corporate data revenue gains were offset by a continued decline in traditional fixed lined voice revenues.

   

 

NTT ups PLDT stake to 15.5%

  • July 7th, 2007
  • 10:03 am

In a filing with the US Securities and Exchange Commission (SEC), Japan’s Nippon Telegraph and Telephone Corp. (NTT) reported holding a 15.5% stake in the Philippines’ dominant telecoms operator Philippine Long Distance Telephone (PLDT).In a previous filing, dated 16 April, the Japanese carrier reported holding 14.5% of PLDT.

 

   

Smart, Piltel report more than 27 million subscribers – end-June

  • July 5th, 2007
  • 8:17 am

Manuel Pangilinan, the chairman of Filipino telecoms operator Philippine Long Distance Telephone (PLDT), says the number of people signed up to one of its mobile units – Smart Communications and Pilipino Telephone Corp (Piltel) – topped the 27 million mark at the end of last month. In an interview , Pangilinan said the company added around 1.5 million net new subscribers in the three month period, beating its efforts in January-March, when it recorded 1.3 million new additions. ‘The second quarter was better than the first quarter, partly because of election-related [spending],’ he said.

 

   

PLDT looking for more acquisitions, says chairman

  • June 14th, 2007
  • 4:18 pm

 Philippine dominant carrier PLDT disclosed its plan to buy new businesses as a part of its move into a golden age of converged communications business.

“We are looking at several telco opportunities,” said company chairman Manuel Pangilinan at the sidelines of the company’s annual stockholders’ meeting.

He declined to give details on prospective acquisitions.

Pangilinan said earlier the company was interested in acquiring telcos in other Asian countries.

The company, he said, is trying to reinvent itself by maximizing the potential of existing businesses and investing in and acquiring new ones.

PLDT counts about 28 million wireline, wireless and broadband subscribers and employs more than 28,000 individuals.

Pangilinan, who has recently retained his chairmanship of the company after getting re-elected as CEO and managing director of Hong Kong-based First Pacific, said PLDT’s market capitalization reached nearly $11 billion as of June this year.

First Pacific, controlled by Indonesia’s Salim family, is the largest shareholder in PLDT.

Pangilinan said the company’s core net income is expected to hit 33 billion pesos ($707 million) in 2007, up from 31.5 billion pesos ($675 million) in 2006.

Company president and CEO Napoleon Nazareno said the PLDT group was allocating between 20 billion pesos ($428 million) and 22 billion pesos ($471 milllion) for capital expenditures in 2007 that will enable the company’s transformation into a next generation communications provider.

   

 

PLDT signs up to USD500m SE Asia fibre-optic project

  • May 26th, 2007
  • 9:49 am

Filipino incumbent Philippine Long Distance Telephone (PLDT) has teamed up with other regional providers in a USD500 million high-bandwidth fibre-optic submarine cable system project linking Southeast Asia with the US. The Asia America Gateway (AAG) Cable System is a cable project backed by 17 telcos including AT&T, Bharti, BT Global Network Services, CAT Telecom, ETPI, PCP Company Limited, PT Indosat, Saigon Postel Corporation, StarHub, Telekom Malaysia, TELKOM Indonesia, Telstra, the Government of Brunei Darussalam, TNZL, Viettel and VNPT. The 20,000km AAG system will connect Malaysia, Singapore, Thailand, Brunei Darussalam, Vietnam, Hong Kong SAR, Philippines, Guam, Hawaii and the US West Coast. It is expected to be lit by the fourth quarter of next year.

   

PLDT unit Subictel announces PHP212 million fibre project

  • May 18th, 2007
  • 6:34 am

Subic Telecommunications Company (Subictel), a unit of national incumbent Philippine Long Distance Telephone (PLDT), is investing PHP212 million (USD4.51 million) on new fibre-optic equipment, to increase its capacity for data services in the Subic Bay Freeport Zone. The project will be completed by the end of the year and will comprise 285km of fibre-optic cables in loops covering Angeles, Clark, Porac, San Fernando, Guagua, Lubao and Floridablanca in Pampanga, and Dinalupihan in Bataan, Subic Town in Zambales, and Subic Bay Freeport Zone in Olongapo. In addition, Subictel, which will soon become part of PLDT’s national fibre-optic network, has doubled the bandwidth available from PLDT from 45Mbps to 90Mbps. Upon completion of the new network Subictel’s bandwidth capacity will rise to 2.5Gbps.