PLDT sees P750-M add'l revenues
MANILA, Philippines - Dominant carrier Philippine Long Distance Telephone Co. (PLDT) said it expects to book P750 million in additional revenues yearly with the acquisition of a cloud service and data center firm.
Capitalizing on its improved capacity, the company launched yesterday PLDT Cloud, targeting small and medium enterprises (SME).
“Our existing portfolio is about P2 billion, that is just for hosting. Our acquisition of IP Converge Data Services Inc. (IPCDSI) adds to that P730 million-P750 million in revenues,” said Eric Alberto, executive vice president and head of Enterprise and International and Carrier Business Group of PLDT.
PLDT now has five data centers that will prepare the company for the migration of businesses to cloud services, said Beth Lui, president and CEO of ePLDT Inc.
Last week, subsidiary ePLDT acquired the data center and cloud services business of publicly-held IP Ventures Inc.
To date, there are around 800,000 SMEs and micro SMEs in the country, of which 100,000 are deemed ready to avail of cloud services, PLDT said.
So far, 60,000 SMEs are using PLDT SME services, said Katrina Luna-Abelarde, PLDT vice president and head of SME Nation.
The company adds 10,000 to 12,000 new customers every year, posting a 12-percent annual growth, Luna-Abelarde said.
In cloud computing, tasks are assigned to a combination of connections, software and services that are accessed through a network. Collectively, the servers and connections is known as the cloud.
In a study released in 2011, the value of the Philippines’ local cloud market is expected to reach around P3.4 billion by 2014.
PLDT said a major portion is expected to come from large enterprises with mature information technology (IT) capabilities on key areas such as business analytics, finance and accounting, enterprise resource planning, and communications.
For large firms, PLDT is already catering to the cloud services needs of outsourcing and financial firms.
PLDT expects the outsourcing of non-core IT functions such as e-mail and test/development environments are also expected to boost businesses’ shift to cloud services.
PLDT launched yesterday PLDT Cloud, a suite of cloud computing services designed to address the growing IT needs of enterprise customers at lower cost.