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PLDT earnings up 5% to P13 B from P90-B revenues


Published August 5, 2021, 3:40 PM
Driven by the growth of its data/broadband business, PLDT Inc. netted ₱12.9 billion earnings, up 5% on ₱89.9 billion revenues, up 8.5%, in the first half of this year.
The telco’s core income ( excluding the impact of asset sales and Voyager Innovations) climbed 10% year-on-year to ₱15.2 billion due to lower tax rates.
Consolidated EBITDA hit an all-time high, of 8% year-on-year to ₱46.6 billion, excluding MRP (Manpower Reduction Program) expenses, driven by higher service revenues while EBITDA margin was at 51%.
“Though we are seeing the economic impact of the pandemic, we still expect overall revenue growth for the year,” says Chairman Manuel V. Pangilinan. ....

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PH telcos conduct successful technical interoperability tests of MNP


PH telcos conduct successful technical interoperability tests of MNP
USA - English
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MANILA, Philippines, July 15, 2021 /PRNewswire/ The Philippines major Mobile Network Operators (MNO) namely DITO, Globe Telecom and Smart Communications are one with the government in the implementation of the Mobile Number Portability (MNP) Act and through their joint venture company, Telecommunications Connectivity Inc. (TCI) has successfully concluded the initial tests of their technical capabilities and interoperability last July 14, 2021.
The joint effort will soon allow customers the option to keep their mobile numbers permanently, even when they change network providers or switch subscriptions. ....

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