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PLDT earmarks up to P92B to fund network expansion, ends 2020 with P24.3B net income

SunStar
SunStar File
March 05, 2021
TELECOMMUNICATIONS company PLDT commits to invest in a demand-driven capital expenditure (capex) of between P88 billion and P92 billion this year to support the country’s rising demand of stable, faster and solid digital infrastructure.
PLDT’s capex in 2020 stood at P71.9 billion.
This year, PLDT aims to further expand its fiber network by 125,000 kilometers and add 1.7 million ports. This fiber infrastructure also supports Smart’s wireless networks, which cover 96 percent of the population.
PLDT’s fiber infrastructure stood at more than 429,000 kilometers at the end of 2020. PLDT had extended the reach of its fixed broadband service to cover some nine million homes, whereas the total number of available fiber-powered ports increased to four million. ....

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PLDT logs highest revenue in 2020

SunStar
SunStar File
March 05, 2021
CONSOLIDATED service revenues climbed nine percent to P171.5 billion, the company’s highest full-year revenue that surpassed 2019’s P157.7 billion.
PLDT’s earnings last year were bolstered by data/broadband demand which grew by 18 percent to P124.5 billion.
Increased demand for connectivity for work-from-home, online learning and streaming propelled its home broadband to post a record 11 percent or P4.3 billion increase in revenues year-on-year to P41.4 billion.
Data/broadband revenues now account for 80 percent of home revenues.
As the work-from-home and home schooling continues, the PLDT Home Team promised to connect more homes to the internet. ....

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