Trading Century
  • Trading News
  • Economy
  • Editor’s Pick
  • Finance
  • Investing
  • Politics
  • Stock
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting
  • Contact
Subscribe
Trading Century
Trading Century
  • Trading News
  • Economy
  • Editor’s Pick
  • Finance
  • Investing
  • Politics
  • Stock
  • Politics
  • Stock
  • Trading News

PLDT to boost Mindanao internet services via subsea cable project

  • March 10, 2022

PLDT, Inc. announced on Thursday that it has started cable-laying operations in Dipolog City to beef up its internet services in Mindanao.

“We are highly confident that expanding PLDT’s fiber network through this project in Dipolog City will allow us to provide better services for our customers in Mindanao,” PLDT Mindanao Head of Corporate Relationship Management Benbrackie Melasa said in a statement.

The project is expected to loop in more than 700 kilometers to the company’s fiber network.

This is seen to improve “resiliency and service quality” for both fixed and wireless services in Mindanao, according to the company.

“With this, we hope to further support the growing connectivity requirements of more enterprises and businesses who are central to the economic recovery of the region,” Mr. Melasa said.

PLDT noted that as of end-December 2021, its fiber footprint has expanded to 743,700 kilometers.

“This fiber infrastructure also supports Smart’s mobile network, which covers 96% of the population from Batanes to Tawi-Tawi. Network-related initiatives made up the bulk of the P89-billion spend for 2021,” it added.

PLDT anticipates capital expenditures of between P76 billion and P80 billon this year.

Its net income for 2021, which factored in exceptional costs, grew by P2.1 billion or 9% to P26.4 billion.

The company’s total service revenues went up 6% to P182.1 billion last year from P171.5 billion in 2020.

Meanwhile, its telco core income rose 8% to P30.2 billion in 2021 from P28.1 billion in 2020.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

Previous Article
  • Politics
  • Stock
  • Trading News

Batman returns

  • March 10, 2022
View Post
Next Article
  • Politics
  • Stock
  • Trading News

The rocket science behind Dune’s blend of the virtual and the real

  • March 10, 2022
View Post
You May Also Like
View Post
  • Trading News

Waller Offers Common Sense View on Financial Risks of Climate Change

  • May 29, 2023
View Post
  • Trading News

Ga. Reps Slice Possible Lifeline for Kids in Failing Schools

  • April 5, 2023
View Post
  • Trading News

Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation

  • April 3, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
View Post
  • Trading News

Fetterman released from inpatient treatment for depression

  • April 1, 2023
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.


    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



    If you want to delve into the USA business updates and investors daily routine,
    go to our partner project Daily Business Investor.

    TradingCentury.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.

    Copyright © 2023 Trading Century. All Rights Reserved.

    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting
    • Contact
    Trading Century
    Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

    Input your search keywords and press Enter.