PLDT HOME posts record-breaking growth in Q1

PLDT HOME posts record-breaking growth in Q1
May 17, 2017

PLDT HOME posts record-breaking growth in Q1

MANILA, Philippines, May 17, 2017 – PLDT HOME, the consumer group of leading telco and digital services provider PLDT, has maintained double-digit growth in its revenues in the first quarter of the year as it posted a record-breaking 32% increase in net gain in its subscribers during the quarter compared to the same period last year amid aggressive fiber rollout and affordable broadband plans.

PLDT HOME posts record-breaking growth in Q1

MANILA, Philippines, May 17, 2017 – PLDT HOME, the consumer group of leading telco and digital services provider PLDT, has maintained double-digit growth in its revenues in the first quarter of the year as it posted a record-breaking 32% increase in net gain in its subscribers during the quarter compared to the same period last year amid aggressive fiber rollout and affordable broadband plans.

PLDT HOME registered a 10% year-on-year growth in its subscriber base with net adds of 340,000 subscribers during the first quarter, while revenues from both voice and data increased significantly at 6% and 16%, respectively.

PLDT Chairman and CEO Manuel V. Pangilinan said that highest growth was seen in PLDT HOME’s data services as the company pushes stronger and world-class internet connection so that more Filipinos can enjoy the digital lifestyle.

PLDT has been aggressively expanding the reach of its fiber-powered fixed line network to bring as fast as 1 gigabit per second (Gbps) internet speed in Filipino homes. As of end-March, PLDT's fiber-to-the-home (FTTH) service has passed three million homes, on track to reach 4.4 million homes by yearend.

“We envision to transform Filipino homes into Smart Homes by next year as we blanket the whole country with our fiber-fast connectivity and best-in-class digital services in entertainment, gaming, security, and learning at home,” PLDT Chief Revenue Officer Ernesto R. Alberto said.

PLDT has been transforming entire cities into a Fibr-powered PLDT SmartCity with ultra-fast internet, starting with Toledo City in Cebu and followed by General Santos City in Mindanao and Naga City in Bicol.

PLDT FVP and HOME Business Head Oscar Enrico Reyes, Jr. said that with PLDT Fibr, subscribers can experience equal upload and download speeds of up to 1 Gbps, and gain unique access to compelling entertainment and gaming content from partners and renowned providers like CignalTV, iflix, Netflix, Fox+, and iWant TV, among others, at subscription fees of as low as P1,899 per month.

Families will also enjoy added peace of mind with home security devices such as the home monitoring system Fam Cam, the cyber security platform Fam Zone and the multi-functional kiddie gadget Smart Watch with minimal additional monthly fees.

Aside from FTTH, PLDT has also started to deploy hybrid fiber technologies such as Huawei Technologies’ G.fast which can boost data speeds up to 600-700 Mbps over existing copper lines.

The PLDT group has invested over P300 billion or $6 billion over the last 10 years in building its integrated fixed and wireless network, which includes the country’s most extensive fiber transmission and distribution infrastructure which now has 150,000 kilometers of fiber optic cables that support the growing data traffic of its fixed line and mobile networks.

 


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