th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

PLDT Vows “Fiber-Speed” of 50-100 Mbps for Half of DSL Customers by End-2018

Plans record Php58 billion in capital expenditures as government attracts third telco player
By Elyssa Christine Lopez |

 

 

 

The PLDT Group is committing a record Php58-billion capital spending budget for 2018, as it strengthens its fixed-line and wireless services, PLDT Inc. Chairman Manuel V. Pangilinan said in a press conference on Tuesday, March 8.

 

“It’s gone up to Php58 billion because it’s a big push partly on the fixed line side…. We’re already in four million homes passed with fiber and that will rise to more than five million by the end of 2018. And that will continue to rise until we’re able to look at around 10 million homes passed in the next few years,” Pangilinan said.

 

The company is aiming to double its fiber and hybrid fiber broadband capacity to over 2.2 million ports nationwide by yearend. According to PLDT Senior Vice President Oscar Reyes, around half of the company’s existing DSL subscribers may be able to enjoy “fiber-speed” internet connection. This means that even without a fiber internet service, DSL subscribers may be able to experience 50mbps to 100mbps internet speed.

 

The provinces of Cavite, Tarlac, Zambales, Bataan and Nueva Ecija are bound to have added fiber speed internet-enabled locations this 2018, Reyes said.

 

Moreover, the company is also looking at having 6,800 LTE-equipped cell sites and 8,000 3G-equipped cell sites by 2019.

 

To meet its targets, the PLDT Group expects to spend around Php177 billion from 2018 to 2020. That’s about 40 percent more than the capital expenditure (CAPEX) in the previous three-year period from 2015 to 2017 when the company embarked on a strategic shift to catch up with rival Globe Telecom’s digital headway.

 

PLDT Chairman Manuel V. Pangilinan says the company expects to boost consolidated service revenue by four percent in 2018

 

 

The company has been taking a hit from the changing consumer habits of Filipinos as they start to prefer data services over cellular calls and texts. In 2017, consolidated service revenue, net of interconnection costs, was down four percent to Php143.5 billion, from Php147.6 billion in 2016. This is the third year in a row the company suffered from service revenue decline.

ADVERTISEMENT - CONTINUE READING BELOW

 

And yet, Pangilinan said the company expects to boost consolidated service revenue by four percent in 2018 as PLDT anticipates an upward trend for its fixed line and enterprise businesses.

 

“I believe things are already looking up for the group. I’m not saying we’re completely out of the woods but it seems we’re getting there,” Pangilinan added.

 

The company’s massive expansion spending comes amid the government’s moves to attract a third telecommunications player to compete with PLDT and Globe Telecom. Late last year, President Rodrigo Duterte told the Department of Information and Communications Technology that a new cellular and data service provider must be up and running by March 2018.

 

However, Pangilinan said the company’s three-year budget is not necessarily driven by the potential entry of a third telecom.

 

“This came as a result of frankly two years of painful effort of analyzing where our networks were weak and where we could be strong. I must say the CAPEX plans for 2018 are more precise. They are better planned than any I have ever seen in my years for both PLDT and Smart,” he added.

 

Often criticized as a “duopoly,” PLDT Inc. and Globe Telecoms have come under widespread criticism for their slow internet services in the country. In the latest State of LTE report of OpenSignal, the country’s mobile Internet connection speed averaged 9.49 Mbps in the last quarter of 2017, far below the global average of 16.9 Mbps. Still, it is 15 percent higher than the third quarter’s average speed of 8.20 Mbps.

 

 

*****

 

 

Elyssa Christine Lopez is a staff writer of Entrepreneur PH. Follow her on Twitter @elyssalopz

Latest Articles

Which PH Blue-Chips Have Become More Affordable as the Stock Market Enters Bear Territory?

The PSE index’s fall to its lowest in 18 months may be worrisome for some but creates buying...

byPauline Macaraeg | June 22, 2018 09:00:00

Who Are the Top 50 Revenue-Generating Startups in the Philippines?

Entrepreneur Philippines releases a first-ever online ranking of the country’s leading startups...

byLorenzo Kyle Subido and Roel Landingin | June 22, 2018 07:00:00

4 Tasks Successful Leaders Should Delegate

As a business owner, you can't possibly do everything -- and you need to not only accept that fact...

byPeter Daisyme | June 22, 2018 06:00:00

The Secret Weapon 2 Famous Founders Deployed to Build Their Mega-Successful Companies

As Steve Jobs and Jeff Bezos found, success comes when you turn your business into a reflection of...

byNatasa Lekic | June 22, 2018 02:00:00

This Pinoy Air Travel Company Just Launched New Flights from Manila to Clark and Puerto Galera

AirTrav is now open for bookings

byKhatrina Bonagua for FHM.com.ph | June 22, 2018 00:00:00

Crazy Rich Asians of Davao? Ayala’s 70 Luxury Condos Priced Up to Php81-M Sold in Less Than 24 Hours

The president’s hometown is not just the nation’s new political capital but also a hot luxury...

byPauline Macaraeg | June 21, 2018 14:00:00

Unsolicited Proposal to Build 11-Km Makati Subway Acknowledged by City Gov’t

Costing $3.7 billion, the project still has to be negotiated by the LGU and proponent IRC Properties

byElyssa Christine Lopez | June 21, 2018 13:00:00

PH Platform Helps Firms Access Over 2K Online Courses To Upskill Workers

STORM Learning carries courses covering various industries and sourced from around the world

byLorenzo Kyle Subido | June 21, 2018 10:00:00

Apl.De.Ap Supports Scholarship Program to Teach Creative Artists to Become Savvy Entrepreneurs

The deadline for application for the initial batch of 40 scholars is on July 8

byElyssa Christine Lopez | June 21, 2018 09:00:00

6 Scientifically Proven Moves You Can Make to Boost Office Productivity

Who knew plants were anything more than a decorative touch?

byMoe Kittaneh | June 21, 2018 06:00:00

Does Your Team Love Coming to Work? Follow These 7 Strategies to Make Sure

A good product or service is wonderful, but great talent is your life force

byJaleh Bisharat | June 21, 2018 02:00:00

This Former Brand Marketer Now Sells "Demi-Fine" Jewelry in Online Shop

Modern Myth has delicate pieces in gold, sterling silver and semi-precious stones

bySteph Sison for Preview.ph | June 21, 2018 00:00:00
Close