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PLDT Home speeds up fiber expansion

PLDT Inc. is optimistic that its home broadband service business will sustain growth this year via fiber expansion and new and innovative services. “We are… confident we could do better this year, especially as we usher the era of hyper-fast Gigabit internet connectivity, introduce innovative products and services as well as vastly improve customers’ experience,”

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PLDT, Smart obtain NPC registration seal

PLDT Inc. (PLDT) and its subsidiary Smart Communications (Smart) have obtained the National Privacy Commission’s (NPC) seal of registration, solidifying their commitment to customer data security. “This is aligned with our goal of implementing the best global practices when it comes to protecting our customers’ data privacy,” said Leah Besa-Jimenez, chief data privacy officer at

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PLDT, ACEN subsidiary sign sustainability deal

PLDT Inc. on Thursday said it was partnering with ACEN Corp.’s supply retail unit, ACEN Renewable Energy Solutions (ACEN RES), to switch 33 of its facilities in Greater Metro Manila to 100-percent renewable energy (RE). PLDT said it would utilize ACEN RES’ portfolio of solar and geothermal power solutions to strengthen operational efficiency and reduce

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PLDT net income more than doubles

PLDT Inc. on Thursday reported a 2023 net income of P26.82 billion, up 154 percent from the previous year’s P10.74 billion and largely attributed to strong revenue growth from its business units coupled with reduced capital spending and asset writedowns. Unaudited consolidated financial results for 2023 also showed that telco had returned to the profit

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PLDT gets green loan for network development

PLDT Inc. said Wednesday that it had secured a P1 billion green loan facility from HSBC Philippines to partially fund its ongoing fiber network expansion. “The availability of sustainable financing facilities will help PLDT’s commitment to ensuring long-term profitability by doing business responsibly. We are pleased to start this journey with HSBC and anticipate further

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PLDT, ABS-CBN ‘unable to agree’ on revised terms

PLDT Inc. on Tuesday all but confirmed a report that differences over pricing had led to the scuttling of a deal to purchase ABS-CBN Corp.’s broadband business. “Since the parties were unable to agree on the revisions to the commercial terms, the parties mutually decided not to proceed with the proposed transaction,” the Pangilinan-led telco

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Sky Cable purchase to boost PLDT growth

PLDT Inc.’s 2024 prospects will likely receive a boost from steady growth of its core businesses and the anticipated earnings contribution from its acquisition of broadband company Sky Cable Corp., Maybank Investment Banking Group said. The buyout of the Lopez-owned Sky Cable’s broadband business and related assets is expected to add up to 350,000 subscribers

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Gigabit-speed plans to be offered by PLDT

PLDT Inc. is set to roll out a next-generation fiber service next month that it claims will offer broadband speeds of up to 10 gigabits per second (Gbps). “We are elevating the conversation on Internet access, shifting the focus to gigabits per second from megabits,” said PLDT Senior Vice President Jeremiah de la Cruz, concurrent

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PLDT to invest P2.1B in Meralco telco unit

PLDT Inc. on Wednesday said it was set to invest P2.1 billion in Radius Telecoms Inc., a telco unit of Manila Electric Co. (Meralco), to strengthen its market position and increase its market share in the Philippines. The company's strategic investment will see PLDT acquire 2.49 million shares, or a 34.9 percent equity stake in

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PLDT leads PH in global incident response

THE PLDT Group’s Cyber Security Incident Response Team (Csirt) has been officially admitted to the global Forum of Incident Response and Security Teams (First), giving the telco group access to valuable data and tools that will further beef up its formidable playbook against cyberthreats and attacks. The PLDT Group’s Csirt is also the first and

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