PLDT Incorporated - updates

Rappler's latest stories on PLDT Incorporated

ARTICLE FINDER

PLDT not keen on joining Globe for independent cell tower firm

May 15, 2018 - 12:40 PM

PLDT chief Manuel Pangilinan says his firm does not see the need to share any of its existing network elements, including cellular towers

NOT KEEN. ‘At this time, we don't see any benefit or need to share any of our existing network elements, including our towers,’ PLDT chief Manuel Pangilinan says. Photo by Alecs Ongcal/Rappler

Despite higher profit, PLDT chief unsatisfied: 'We can do better'

May 10, 2018 - 5:11 PM

The listed telecommunications giant will not stop until it becomes the most profitable listed firm in the Philippines again, says PLDT chairman and CEO Manuel Pangilinan

BETTER PERFORMANCE. PLDT chief Manuel Pangilinan says the telco strives to become the most profitable listed firm again. Photo by Martin San Diego/Rappler

PLDT unit seals partial sale of Rocket Internet stake

May 07, 2018 - 7:25 PM

As a result of the sale, the Manuel Pangilinan-led telco's equity ownership in Rocket Internet is reduced from 6.1% to 2%

Globe Telecom open to partnering with PLDT for cell tower firm

May 07, 2018 - 4:40 PM

The Ayala-led company says the creation of an independent cell tower firm would significantly reduce the time needed for a new player to roll out

PLDT formally gives Cure's 3G frequency for free

Mar 11, 2018 - 7:40 PM

The Department of Information and Communications Technology says the surrendered 3G frequency is now available for a new major telecommunications player

PLDT income takes 'big one-time hit' from swap of base stations

Mar 08, 2018 - 7:00 PM

In the last quarter of 2017, expenses of the Philippine telco giant surge by 44% to P53.920 billion. This drags its reported net income to P4.479 billion in the same period.

BOTTOMLINE. 'We are not completely out of the woods yet but we are getting there,' PLDT chief Manuel Pangilinan says. Photo by Alecs Ongcal/Rappler

PLDT plans broadband expansion by 2020

Feb 18, 2018 - 10:36 PM

The listed telecommunications giant is spending over P50 billion every year until 2020

PLDT to give up Cure frequencies 'at no cost'

Feb 07, 2018 - 1:20 PM

(UPDATED) This comes after President Rodrigo Duterte publicly threatened to send tax auditors to telecommunications companies demanding payment for returning radio frequencies to the government

AT NO COST. PLDT chief Manuel Pangilinan agrees not to be compensated for the surrendered Cure frequencies, DICT acting chief Eliseo Rio Jr says. Photo by Alecs Ongcal/Rappler

Duterte order on Cure frequencies for 3rd telco contradicts PLDT-NTC deal

Feb 06, 2018 - 9:45 PM

A 2011 agreement states that the National Telecommunications Commission would bid out the surrendered Cure frequencies, with PLDT being given monetary compensation. President Rodrigo Duterte now refuses to give that compensation.

3RD TELCO ISSUE RAISED. President Rodrigo Roa Duterte presides over the 22nd Cabinet Meeting at the Malacañan Palace on February 5, 2018. Malacañang photo

PLDT sets aside over P150 billion for expansion until 2020

Feb 04, 2018 - 11:30 PM

PLDT chairman and CEO Manuel Pangilinan says that for every P1 of service revenue, the telco reinvests 30 to 35 centavos to 'super-charge' its fixed and mobile networks

3 consortia forming up to battle for Philippines' 3rd telco slot

Jan 24, 2018 - 7:36 PM

The acting chief of Department of Information and Communication Technology (DICT) says these 3 groups will each be led by Converge ICT Solutions Incorporated, Now Corporation, and Philippine Telegraph & Telephone Corporation (PT&T)

Graphics by Alyssa Arizabal/Rappler

Naming Philippines' 3rd telco might take longer than expected

Jan 24, 2018 - 1:44 PM

The Department of Information and Communication Technology (DICT) has a tall order from the Philippine president: Launch a major 3rd telecom player by March 2018. Prospective entrants think the timeline is too short.

McDonald's Philippines goes cashless with PayMaya

Jan 12, 2018 - 5:16 PM

The digital services arm of PLDT has upped the cashless payments battle with the launch of its partnership with McDonald's Philippines

CASHLESS PAYMENT. McDonald's Philippines is rolling out Mastercard and Visa card payments in select branches nationwide, through PayMaya Philippines. In the photo are (L-R) PayMaya Head of Acquiring Business Mar Lazaro; PayMaya Head of Issuing Business Raymund Villanueva; McDonald's Philippines Founder and Chairman George T. Yang; McDonald's Philippine President and CEO Kenneth S. Yang; Kevin Yang; PLDT, Smart, Voyager, and PayMaya Chairman Manuel V. Pangilinan; Voyager and PayMaya President and CEO Orlando B. Vea; and PayMaya Philippines COO and Managing Director Paolo Azzola. Photo from PayMaya Philippines

PLDT unit to forge strategic partnerships in Q1 2018

Jan 10, 2018 - 4:37 PM

Voyager Innovations chairman Manuel Pangilinan says the upcoming partnership deals 'will excite the market'

NEW PARTNERS. 'It will excite the market,' PLDT chief Manuel Pangilinan says of the upcoming partnership agreements. Photo by Alecs Ongcal/Rappler

Globe Telecom expects to spend over P42B this 2018

Jan 05, 2018 - 6:45 PM

The Ayala-led telecommunications company says the huge capital spending budget will fund its moves to address customer demand for more bandwidth-intensive content

HUGE CAPEX. 'Majority of the company's capex for 2018 is geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of our data-related services,' Globe chief Ernest Cu says. Photo by Josh Albelda/Rappler

PLDT, Smart ink another partnership deal with Huawei

Jan 02, 2018 - 3:23 PM

The $28.5-million wireless service deal is expected to improve the telco giant's wireless service

ANOTHER HUAWEI DEAL. PLDT group chief Manuel Pangilinan says the partnership will enable his firm's wireless services under the brands PLDT, Smart, Sun and TNT to become much more agile, efficient and resilient in developing digital services. Photo by Alecs Ongcal/Rappler

Globe 'ready' for faster internet but permits are 'biggest hurdle'

Dec 17, 2017 - 10:35 PM

The telco says 'the cumbersome number of permits' as well as right-of-way issues hamper its delivery of good internet service

PLDT extends partnership with Cignal TV to business customers

Dec 04, 2017 - 4:35 PM

The new arrangement allows businesses such as hotels and bars to broadcast Cignal TV content via the internet

CONNECTING. ​PLDT's Eric Alberto and Cignal TV President and CEO Jane Basas (4th and 5th from left) lead a group of Cignal and PLDT enterprise executives at a ceremony extending their partnership on December 4. Photo from PLDT Enterprise.

PLDT open to Chinese strategic partners

Nov 28, 2017 - 7:00 PM

'I think it's a rather novel idea and it's something we should consider, either at the PLDT level or at the Voyager level or both,' says PLDT chairman Manuel Pangilinan

PAYING RESPECTS. PLDT chairman Manuel V Pangilinan congratulates John Gokongwei Jr on winning the Management Association of the Philippines (MAP) man of the year 2017 award at a ceremony on November 27. Photo by Alecs Ongcal/Rappler

PLDT increases target recurring core income for 2017

Nov 09, 2017 - 5:05 PM

PLDT chief Manuel Pangilinan says his group is confident it can raise recurring core income guidance by half a billion pesos to P22 billion this year

HIGHER TARGET. 'We are quite confident that we can raise our core guidance by half a billion pesos to P22 billion of recurring core income in the year 2017,' PLDT chairman Manuel Pangilinan says. Photo by Alecs Ongcal/Rappler

PLDT invests P7B in undersea cable with 60 TBps of bandwidth

Oct 30, 2017 - 12:05 PM

Called Jupiter, the fiber optic submarine cable system will directly connect Maruyama and Shima in Japan and Los Angeles in the US to Daet, PLDT's cable landing station in Camarines Norte

PH internet 'no good'? Telcos, PCC react to Jack Ma

Oct 26, 2017 - 8:55 PM

PLDT and Globe say they're working to improve services, while the Philippine Competition Commission describes Jack Ma's disappointing experience as a 'wake-up call' for the telcos

PLDT unit spending P11 billion for faster internet

Oct 26, 2017 - 3:45 PM

In two years' time, the telco sees over 1.3 million DSL subscribers of PLDT enjoying faster internet speed

A peek into Jack Ma's 24-hour Manila visit

Oct 26, 2017 - 9:34 AM

The Chinese business icon manages a packed schedule while experiencing Metro Manila traffic and the country's notorious slow internet

JACK MA. The Alibaba founder visits Manila for a day. Photo by Alecs Ongcal/Rappler

Alibaba's Jack Ma: PH internet 'no good'

Oct 25, 2017 - 9:56 PM

Rather than pointing fingers, the Chinese tycoon urges the private sector to grasp the opportunity and invest in better internet infrastructure for guaranteed returns

Photo by Alecs Ongcal / Rappler

Globe, PLDT battle it out in cashless payments

Oct 25, 2017 - 4:25 PM

Globe invites Chinese billionaire Jack Ma to the launch of its new mobile payment technology. On the same day, PLDT relaunches its scan-to-pay service.

QR CODES. GCash users are now able to shop at select Glorietta 4 merchants with a simple scan of their personal QR code in their smartphone. Photo by Chrisee Dela Paz/Rappler

PLDT completes P1-B fiber optic expansion in Mindanao

Oct 22, 2017 - 11:55 PM

Spanning over 300 kilometers, the fiber infrastructure runs through the provinces of Agusan del Norte, Agusan del Sur, Davao del Norte, and Davao del Sur

PLDT building submarine cable for PH link to 3 continents

Oct 12, 2017 - 4:00 PM

With an initial investment of P500 million, PLDT is set to open its Asia-Africa-Europe 1 Submarine Cable System (AAE-1) before the end of 2017

Smart to upgrade cell sites in Marikina, Quezon City

Oct 09, 2017 - 9:35 PM

This upgrade is expected to improve Smart's mobile data service, particularly long term evolution (LTE) and 3G, in the two cities

BETTER SERVICE? This comprehensive network modernization and expansion program is at the core of the PLDT group's digital pivot. Rappler file photo

PLDT goes into chartered flights service

Oct 08, 2017 - 10:25 PM

PLDT unit Pacific Global One says it can now provide private flights to Balesin, Amanpulo, Baguio, and Boracay, among other routes

AVIATION FORAY. PLDT and Pacific Global One executives launch chartered airline services in the Philippines. Image from PLDT Corporate Communications

PLDT to award up to 860,000 shares to key officers, employees

Sep 27, 2017 - 7:05 PM

The telco also aims to close 2017 with a higher recurring core income of P21.5 billion, from P20.16 billion in 2016

RIGHT TRACK. PLDT boss Manuel 'Manny' Pangilinan says the telco is on the right track but there are still many tasks ahead of PLDT. File photo by Alecs Ongcal/Rappler

Fitch upgrades PLDT outlook amid improved finances

Aug 31, 2017 - 9:20 PM

The telco s long term local currency issuer default rating LC IDR outlook is raised to stable from negative – a sign of improving financial performance

UPGRADED. The telecommunications giant’s long-term foreign currency issuer default ratings (LC IDR) outlook was raised to stable from negative, Fitch says. This signals continued improvement in its financial performance. Rappler file image

Beacon divestment lifts PLDT's core income to over P12B

Aug 10, 2017 - 1:44 PM

UPDATED PLDT s core income for the 2nd quarter of 2017 increases to P12 1 billion from P10 5 billion in the same period a year ago

PLDT eyes gains from manpower reduction, asset sales but expects 'steep climb'

Jun 13, 2017 - 11:35 PM

The telco is projecting savings of around P7 billion over several years from outsourcing its IT to IBM and is still eyeing selling the rest of its stake in Meralco

Free Wi-Fi for 1st 30 minutes along EDSA starting June 12

Jun 11, 2017 - 10:00 PM

After the 1st 30 minutes users can extend for P20 for two hours valid for two days or P50 for 10 hours valid for 5 days

WIFI. With a backhaul capacity of up to one gigabit per second, Smart Communications says its Wi-Fi services can support up to 3,000 connected users

Telcos turn to Makati to beta test all-in-one digital card, app

Jun 01, 2017 - 6:31 PM

PLDT chairman Manuel Pangilinan says the telco chose Makati as a test case because of its reach as a premier financial center

DEEP MARKET. Makati 'is the country's business and trade hub. The reason we tested it here because Makati has the deepest market from a commercial perspective,' PLDT chief Manuel Pangilinan says. Photo by Martin San Diego/Rappler

PLDT sells remaining stake in SPi Global

May 22, 2017 - 4:45 PM

The transaction values SPi Global at 330 million P16 42 billion

EXITING. Private markets investment manager Partners Group will acquire SPi Global on behalf of its clients from CVC Capital Partners Asia III and PLDT Global Investments Corporation, an indirect subsidiary of PLDT. Rappler file photo

PLDT holds on to declining Rocket Internet

May 01, 2017 - 9:30 AM

Rocket Internet almost quadruples its losses in 2016 to €741 million 807 441 million PLDT owns a 6 1 stake in the German tech firm

'DISAPPOINTING.' It was in August 2014 when Manuel Pangilinan's PLDT invested €333 million (USD$362 million) for a 10% stake in the German firm. This is the telco's biggest overseas investment to date. Photo by Alecs Ongcal/Rappler

SC affirms ruling in favor of SEC’s 60-40 foreign ownership rule

Apr 18, 2017 - 11:21 PM

The Supreme Court affirms its rejection of a petition that alleges the SEC guidelines on foreign ownership were ‘tailor made’ to allow PLDT to skirt the cap set by the Constitution

Globe, Smart to cut mobile voice call rates to P1 per minute

Mar 27, 2017 - 7:30 PM

The Philippines two telco giants lower the cost of mobile voice calls as competition heightens

PRICE WAR. The two telecommunication giants will reduce again their mobile voice call rates to entice more subscribers. Rappler file photo

PLDT to outsource back-office IT to IBM

Mar 07, 2017 - 9:20 PM

PLDT chief Manuel V Pangilinan says he wants to ensure all or most of the 1 000 affected employees will be absorbed by IBM

CUT COSTS. 'Profitability has been reset to a lower level, reflecting the impact of the changes in the business, our customer base, and our organization,' PLDT chief Manuel V. Pangilinan says. Photo by Martin San Diego/Rappler

PLDT still no.1 among mobile subscribers

Mar 07, 2017 - 6:31 PM

PLDT says its subsidiary Smart Communications Incorporated closed 2016 with 63 03 million subscribers against rival Globe Telecom s 62 8 million subscribers

'The picture seems to be brighter for 2017 and the job of the management is to continue moving forward positively all the way up to 2019,' PLDT's Manuel V Pangilinan says. Photo by Martin San Diego/Rappler

Smart seen to get 25-year franchise extension by March

Feb 21, 2017 - 8:00 AM

But the franchise extension might require the telco giant to list on the Philippine Stock Exchange

FRANCHISE EXTENSION. 'We are pressed for time. We cannot allow the franchise to expire,' Zubiri, who authored Senate Bill 1302 or the bill to extend Smart's franchise. Photo by Alecs Ongcal/Rappler

PLDT partners with Huawei for 5G rollout in 2020

Feb 14, 2017 - 2:55 PM

In a recent visit to the Huawei headquarters PLDT chief Manuel V Pangilinan signs an agreement with the president of a unit of the Chinese ICT giant

IS PH READY? But before rolling out 5G here in the country, PLDT says it will focus on 'future-proofing' its network. Photo from PLDT Incorporated

Window narrows for Smart's 25-year franchise extension

Jan 30, 2017 - 1:45 PM

The telco s franchise granted way back in March 1992 is set to expire this March

LICENSE TO OPERATE. Under Republic Act (RA) No. 7294, Smart, headed by Manuel V. Pangilinan, was granted its 25-year franchise in March 1992. It is set to expire this March. Photo by Alecs Ongcal/Rappler

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

Smart targets Metro Manila for LTE coverage expansion

Jan 16, 2017 - 2:55 PM

The telco says its subscribers can experience improved coverage and quality of voice calls SMS and mobile internet as it expands its network in the next 3 months

DEPLOY MORE. 'This is a key part of our efforts to transform the PLDT and Smart network into the country’s most future-ready data infrastructure delivering a wide range of gigabit digital solutions,' Manuel Pangilinan, chairman and CEO of Smart and PLDT, says. Photo by Alecs Ongcal/Rappler

PLDT completes 3 ICT deals in Davao

Dec 27, 2016 - 9:06 AM

All these form part of PLDT’s P48 billion capital spending budget for 2016

SUNNY OUTLOOK. PLDT bets on the sunny economic outlook of President Rodrigo Duterte's hometown, Davao City. Rappler file photo

Supreme Court upholds SEC foreign ownership rules

Dec 21, 2016 - 8:49 PM

UPDATED The High Court decides on a 2013 case involving PLDT s alleged attempt to skirt the constitutional cap on foreign ownership in public utilities

SEC AFFIRMED. In a vote of 8-5, the SC on Wednesday, December 21 denied the petition filed by Jose Judd Roy III, questioning the constitutionality of SEC Memorandum Circular No. 8, Series of 2013 or Guidelines on Compliance with the Filipino-Foreign Ownership Requirements. Rappler file photo

PLDT, Globe reduce interconnection voice calls to P2.50

Nov 28, 2016 - 10:01 AM

UPDATED With the reduced interconnection rates the NTC expects retail rates for voice calls to be lowered by about P1 per minute

LOWER VOICE RATES. This was announced a few days after President Rodrigo Duterte’s pronouncement for telcos to lower rates or improve services or he will open the markets to foreign players. Rappler file photo