BusinessWorld
January 20, 2021 | 12:09 am
Its wireless arm, Smart Communications, Inc., also saw its mobile download speeds improve by 71%.
“As of 2020, PLDT’s average fixed broadband download speeds were at 32.20 Mbps (megabits per second), whereas Smart’s average mobile download speeds were at 17.82 Mbps posting improvements of 78% and 71%, respectively, compared to 2017, based on analysis by Ookla® of tests taken with Speedtest,” PLDT said in a statement on Tuesday.
PLDT had more than 429,000 kilometers of fiber infrastructure as of December last year.
The fiber infrastructure, which also supports Smart networks, covers 96% of the country’s population.
PLDT’s wireless arm had more than 59,000 base stations as of December 2020. Both PLDT and Smart had also secured more than 2,500 permits from government agencies to put up more cell sites.
PLDT Global, Softbank to power Japanese firms
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PLDT closes $128 million sale of Smart Tower
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BusinessWorld
December 11, 2020 | 7:49 pm
PLDT, Inc. has concluded the sale of the 37-storey Smart Tower in Makati City for $128 million to real estate development company DMC Urban Property Developers, Inc, according to commercial real estate services firm JLL in a statement Friday
In an e-mail, JLL, a unit of US-listed Jones Lang La Salle Inc., said its client, PLDT, will continue to occupy the building, which houses the headquarters of its wireless arm, Smart Communications, Inc., “for the next five years via an accompanying leaseback agreement.”
“The sale price represents the largest commercial real estate transaction completed in the Philippines in 2020,” it added.