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 Group has announced the sale and leaseback of 5,907 telecom towers for PHP 77 billion, marking the largest acquisition of assets by international investors in the Philippines. This deal, involving TowerCos edotco Group and EdgePoint, aims to enhance the country’s tower density and telecom infrastructure. The arrangement will provide PLDT’s subsidiary, Smart Communications, with operational savings and a commitment to build 1,500 new towers. Expected to be earnings accretive from the first full year post-closing, this transaction aligns with PLDT's strategy to improve network quality and return cash to shareholders.
PLDT Inc. (NYSE: PHI) has submitted its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, to the U.S. Securities and Exchange Commission. This report is now available on PLDT's official website. Shareholders can request hard copies of the report free of charge. PLDT is recognized as the largest integrated telecommunications company in the Philippines, providing a variety of services through its extensive network. It holds a significant market capitalization on the Philippine Stock Exchange (PSE: TEL).
Voyager Innovations has successfully raised US$210 million in a new funding round, elevating its valuation to nearly US$1.4 billion and securing unicorn status. The investment round was led by new investor SIG Venture Capital, with participation from EDBI, First Pacific, and existing shareholders PLDT, KKR, Tencent, and others. The funds will enhance digital banking services through Maya Bank, integrating new offerings such as cryptocurrency and credit services across the PayMaya platform, further aiming to address the unmet financial needs of the underserved population in the Philippines.
PLDT has begun construction on its largest hyperscale data center, VITRO Sta. Rosa, which is set to be the largest in the Philippines. This development aims to enhance the country’s digital infrastructure, supporting international and domestic fiber capacities and 5G roll-outs. The facility will cover five hectares and provide a power capacity of 100MW, designed for energy efficiency and resilience. PLDT partners with Meralco for power reliability and RED Engineering for sustainable design. This initiative highlights PLDT's commitment to positioning the Philippines as a key digital hub in Asia Pacific.
PLDT and Telesat of Canada have successfully conducted the Philippines' first on-orbit testing of high-speed broadband connectivity using Telesat's Phase 1 Low Earth Orbit (LEO) satellite. The tests, performed between Feb 11 and Feb 19, showcased download speeds of 100.46 Mbps and upload speeds of 95.62 Mbps with low latency at 26.53ms. This achievement enables PLDT to expand its mobile and Internet services into remote areas of the Philippines. The use of LEO satellites offers enhanced bandwidth and penetration compared to traditional geostationary satellites.
On December 13, 2021, PLDT, Inc., the Philippines' largest telecom provider, ranked 12th out of 150 companies in the World Benchmarking Alliance's Digital Inclusion Benchmark. This recognition places PLDT as the top-ranked telco from Asia (excluding China) and highlights its commitment to promoting digital inclusion. Notably, PLDT excelled in skills development, ranking second in this category, with programs aiding digital literacy and technology use among marginalized groups. The company also ranked 10th for its cybersecurity investments, emphasizing safe online practices for users, especially children.
The U.S. Trade and Development Agency awarded a grant to Smart Communications, Inc. to enhance 5G services in the Philippines, aiming to cover 96% of the population. This partnership will support Smart's investment in equipment from Cisco Systems, significantly improving digital connectivity and service quality. The training grant is part of ongoing efforts to modernize PLDT and Smart's national fiber-optic network. USTDA emphasizes its commitment to improving digital infrastructure, which will help serve unserved and underserved communities effectively.
PLDT and Smart Communications are enhancing the digital ecosystem in the Philippines by collaborating with PayMaya, a fintech subsidiary of PLDT's Voyager Innovations. This integration aims to drive financial inclusion by making digital payments and e-commerce accessible to more Filipinos. The GigaLife App, which has gained 10 million users, allows Smart customers to use PayMaya for transactions, with plans for broader service inclusion. PayMaya also recently received a digital banking license for Maya Bank, targeting unbanked consumers and MSMEs to promote seamless digital banking.
PLDT and ePLDT are launching the first hyperscaler data center in the Philippines, designed to meet the growing demands of global technology companies. This facility will have a power capacity exceeding all ten existing VITRO data centers combined and aims for Tier-3 certification, with Tier-4 readiness upon operation. Emphasizing sustainability, the center will utilize advanced green technologies. PLDT is also enhancing its existing data centers to cater to higher capacity needs and expand its network linked to 14 international submarine cable systems.
Smart Communications has been recognized as the best network in the Philippines by umlaut, scoring 777 out of 1,000 in a six-month evaluation. This achievement comes alongside the launch of Mobile Number Portability (MNP), enabling customers to switch to Smart without changing their numbers. Mandaluyong resident Maria Lina Porciuncula Grecia shared her positive experience with Smart's service, underlining the ease of transition. The award highlights Smart's leading 5G and LTE performance, improving access to reliable connectivity for all Filipinos.
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