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PLDT to spend at least P88 billion next year to improve telco services

ABS-CBN News
Updated as of Dec 14 12:36 PM

The 2021 capital expenditure is at least 20 percent higher than the P73 billion allotted and spent this year, PLDT said. Read more »

PH internet improves but still behind global average, ASEAN neighbors: tracker

ABS-CBN News
Updated as of Dec 08 05:15 PM

Internet connectivity improved in the Philippines but the country still falls below the global average in terms of mobile and fixed-line broadband speeds, industry tracker Ookla said based on its Speedtest Global Index.  Read more »

Globe eyes 80 pct of Metro Manila with 5G coverage by year-end

ABS-CBN News
Updated as of Nov 19 09:35 AM

Ayala-led Globe Telecom said it aims to have 80 percent of Metro Manila with 5G coverage by year end, as it continues 5G network expansion in key cities in Visayas and Mindanao.   Read more »

Telcos seen to hike capex by 20-25 pct next year as 'healthier competition' expected: Fitch

ABS-CBN News
Posted at Nov 18 12:15 PM

The Philippine internet economy will see "healthier competition" next year as telco firms are expected to increase spending by 20 to 25 percent and new players are to enter the market, an analyst at Fitch Ratings told ANC's Market Edge on Wednesday. Read more »

PLDT's Manny Pangilinan withdraws bid for Sky Cable citing regulatory risks

ABS-CBN News
Updated as of Nov 05 06:59 PM

Telecoms tycoon Manny Pangilinan has withdrawn his bid to acquire Sky Cable Corp from the Lopez Group due to worries that antitrust regulators may flag the deal. Read more »

Converge ICT says 9-month revenue growth up 67 pct following stock exchange debut

ABS-CBN News
Posted at Oct 30 11:13 AM

Converge Information and Communications Technology Solutions Inc on Friday reported a 67 percent revenue growth for the first 9 months of the year following its initial public offering. Read more »

SKY offers 'back up' internet plan for non-SKY users

ABS-CBN News
Posted at Oct 14 05:36 PM

Broadband service provider SKY Fiber on Wednesday said it is offering AlterNet, a new internet plan for non-SKY subscribers that can serve as a back up connection in case of service interruption from their main provider.  Read more »

Data demand likely 'stronger' for remaining months of 2020, says Globe Telecom

ABS-CBN News
Posted at Aug 31 06:20 PM

Internet access has become 'a lifeline' for many Filipinos in the "new normal" brought about by the coronavirus pandemic, the telco said in a statement. Read more »

Globe net income up 22 percent in 2018

Michelle Ong and Bruce Rodriguez, ABS-CBN News
Updated as of Feb 12 02:22 PM

Consolidated service revenues totaled P132.9 billion in 2018 or 10 percent higher year-on-year driven by data-related services across all business segments, Globe said in a disclosure to the stock exchange.    Read more »