PLDT reported that its Home Business Group revenues has been boosted by 10% to reach its highest-ever of PHP 36.4 billion last year.
The company signed up 245,000 new Home customers for its fiber-powered internet services which increased its broadband subscriber base to over 1.9 million. This raised PLDT Home’s data service revenues by 33% to PHP 27.5 billion.
The demand for high-speed broadband services at Home has been driven by the growing appetite of Filipinos for services like Netflix, iflix, Cignal, and the NBA.
They expanded their fixed and mobile broadband networks through a capital expenditures (Capex) program that reach PHP 58.5 billion in 2018. This increased the coverage of its fiber-powered fixed network by 57% to 6.3 million homes passed, exceeding by end-2018 its 2020 target.
To support the rapid expansion, the company added nearly 70,000 kilometers of fiber cables, expanding its total fiber network to over 244,000 kilometers by 2018, a 39% increase from end-2017.
Through the expansion, PLDT has fiber-powered numerous areas like El Nido in Palawan, Marikina City, Toledo City in Cebu, General Santos in Mindanao, Naga City in the Bicol region, among others.
PLDT along with Smart Communications, in 2019, is allocating PHP 78.4 billion to their new high capex program. The new program includes substantial allocation for “Customer Capex” which covers the cost of customer premises equipment like modems and acquisition of vehicle, equipment, and office space for the new corps of technicians that will fast-track and improve the quality of installation and repair of fixed broadband connections.
“This increased allocation for customer capex will enable us to quickly connect more homes and businesses with fiber-powered, high-speed fixed broadband.”
– Oscar A. Reyes, Jr., PLDT-Smart SVP and Consumer Business Market Development Head