Spending this year was expected to top P70 billion and follows an aggressive push to recover lost market share to rival Globe Telecom over recent years.
Bulk of the income comes from consumer wireless, which posted P60.8 billion in revenues, a gain of 15 percent. The lockdowns also pushed back bills payments for PLDT. Chief financial officer Anabelle Chua said PLDT had collected about 86 percent of the figure. Nevertheless, PLDT set aside accounting provisions of P6.4 billion, up 67 percent from last year.
Moving forward, PLDT will continue to invest heavily in mobile and also its fiber network. Its home fiber network alone has 8.3 million homes passed and it planned to add 500,000 fiber ports. “Smart has also tapped six tower companies to build the initial batch of 180 to 200 common towers, pursuant to the government’s common tower policy,” the company said.
miguelrcamusINQ PLDTcares since you have such good earnings maybe you can hire some more staff so that you can actually serve your customers better- no service for 4 months now
miguelrcamusINQ It would be nice if those of us who keep paying our bills could get our lines reconnect. I have not had service for over 4 months and my line has yet to be fixed! pldt takemymoneyfornothing
miguelrcamusINQ Laki nga ng earning nyo, walang kwenta naman customer service nyo PLDT_Cares