Now Reading: ON TARGET | PLDT optimistic to hit P26-B core income
ON TARGET | PLDT optimistic to hit P26-B core income
June 11, 2019 , 09:31 PM

JUNE 11, 2019 — PLDT is poised to hit its P26-billion income core target for the year, says its Chairman Manuel V. Pangilinan.

“Nothing is certain naman but mukhang both the trends and the numbers we are seeing up to May and indications for June are looking up so there’s a reasonable level of confidence that we can achieve the P26-billion telco core for this year,” said Pangilinan.

Pangilinan credits the positive trend to the good performance of PLDT’s wireless business.

The telco giant’s home business delivered an all-time high performance for 2018 with revenues hitting P36.4 billion for the first time, adding a P3.5-billion or 10% growth in value.

PLDT also successfully executed key strategic initiatives such as adding Smart TVS to their consumer offers in collaboration with Samsung, building content initiatives with existing partners like Netflix, Cignal and iFlix, and forging new partnerships with the NBA.

They have also launched the PLDT Whole Home WiFi system in partnership with Google and TP-Link.

“Apat ang revenue streams ang PLDT. Unang-una, if we could sustain the good performance of wireless which started in the second half last year, mukha namang tuloy-tuloy ang kanilang pag-angat ng tap up sa prepaid? And we’ve launched our signature brand for postpaid so maganda yung prospects ng wireless for this year continuing from 2018,” said Pangilinan.

Senior VP and Head of Home Business Oscar Reyes says PLDT is set to give loyal subscribers a nationwide upgrade and speed boost programs at no extra cost.

“Our valued customers who enjoy 50mbps will soon experience double the speed to 100mbps and even our most affordable plan that has already been boosted up to 5mbps will soon have another speed boost to 10mbps. All of these with unlimited data and these is how we ensure our loyal subscribers get the best broadband experience at home, unmatched by any other offer in the market,” said Reyes.

PLDT is also set to upgrade their prepaid WiFi offer and launch its new postpaid fixed wireless offer and will be ushering in the gigabit era with the new PLDT Home Fibr 1Gbps Smart Home Plan.

Its wireless business is now growing at 7% with revenues now at P62.5 billion coming from P58.3 billion.

Meanwhile, PLDT’s enterprise business net service revenue stood at P38.4 billion, up 10% year-on-year delivering an incremental growth of P3.6 billion for PLDT, the largest growth it has delivered in history.

Pangilinan also notes that the rate of decline of international revenues are getting smaller and smaller.

“In fact, our forecast by the 4th quarter, the international revenues could either be flat, so no more decline or there could be a modest increase in the revenue for the 4th quarter. So that’s unprecedented, that is unexpected. So next year, looking to 2020, mas maganda ang picture nila. I think they will be positive starting 2020. Nakakatulong yun e. Kasi sila ang nagpapababa ng overall revenue,” said Pangilinan.

PLDT meanwhile continues to work on its 5G network project.

“5G network is going to be a very extensive, cell site intensive network yan eh. Mabigat ‘to. Madugo ito, yung deployment niyan is not easy. We think that it will open new vistas for new services, new products, new revenues. So, that’s our assumption,” added Pangilinan.

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