Welcome to our dedicated page for PLDT news (Ticker: PHI), a resource for investors and traders seeking the latest updates and insights on PLDT stock.
PLDT Inc., formerly known as the Philippine Long Distance Telephone Company, is a leading telecommunications provider in the Philippines. As a diversified telecommunications, internet, and digital service holdings company, PLDT Inc. operates through three main business units: Wireless, Fixed Line, and Others.
The Wireless segment includes mobile telecommunications services offered by Smart Communications and Digitel Mobile Philippines Inc. (DMPI). These services are known for their extensive coverage and innovative offerings, catering to a broad spectrum of consumers and businesses.
The Fixed Line segment provides fixed-line telecommunications services primarily through PLDT and its subsidiaries, ensuring reliable and high-speed connectivity for residential, business, and government customers.
PLDT Inc. has a strong focus on digital transformation and innovation. It has been actively involved in enhancing its infrastructure, including the expansion of fiber optic networks and upgrading to 5G technology. This commitment positions PLDT as a significant player in the digital landscape of the Philippines.
Recent achievements of the company include milestones in network improvements and partnerships with global technology leaders to enhance service delivery and customer experience. Financially, PLDT has shown resilience with solid revenue streams from its diversified business units and continuous investment in technology and infrastructure.
With a history of nearly a century, PLDT Inc. continues to shape the telecommunications industry in the Philippines, aiming to provide world-class services and contribute to the nation's economic growth.
For the latest updates and developments, visit our news section below.
PLDT Inc. (NYSE: PHI) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The report is available on the PLDT website, and shareholders can request hard copies free of charge. PLDT is recognized as the largest fully integrated telecommunications company in the Philippines, offering a wide range of services supported by an extensive fiber optic backbone. The company is listed on the Philippine Stock Exchange (PSE: TEL) and has one of the largest market capitalizations among Philippine companies. Forward-looking statements are included, subject to various risks and uncertainties.
PLDT Inc. and Smart Communications have been recognized at the International Business Awards for their commitment to consumer safety and digital inclusion. They received a Gold Stevie for Project Tower, which enhances awareness about cell site safety during COVID-19. Additionally, their #FarmSmart initiative won a Silver Stevie for improving productivity among farmers through digital solutions. The awards will be presented at a gala in London on October 15, 2022, marking the first in-person ceremony since 2019.
PLDT Inc. launched the US-Transpacific Jupiter Cable system, enhancing the Philippines' international data capacity. This 14,000-kilometer cable connects the Philippines directly to the US and Japan, tripling PLDT's capacity to 60 Terabit/s. The initiative aims to position the Philippines as a digital hub in the Asia-Pacific, catering to global hyperscalers. PLDT's extensive fiber optic network spans 803,000 kilometers, and the company is set to expand with two additional cable systems in the next two years.
PLDT enhances its market leadership by activating the US-Transpacific Jupiter cable system slated for July 2022. This addition significantly boosts PLDT's fiber network capacity from 20 Terabit/s to approximately 60 Terabit/s for the US and Japan. The Jupiter system, part of a global consortium, spans 14,000 kilometers and fortifies PLDT's resiliency against undersea cable disruptions. The investment reinforces PLDT's role in the digital economy, aiming to position the Philippines as a strategic data hub for cloud services and fintech.
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