Philippines' largest fully integrated telecommunications company PLDT continued to enjoy strong revenues on sustained demand for data and broadband.
PLDT’s service revenues for the quarter ended 30 June 2021 climbed 9% to PHP45.0 billion (USD905.6 million), up from PHP41.3 billion in 2Q20.
As for the first half of the year, the company’s service revenues improved by 8.5% to PHP89.9 billion, driven by data and broadband, which rose by 16% year-on-year to PHP68.3 billion.
Further, the Integrated telecommunications company's core income rose 10.0% y-o-y to PHP15. 2 billion which it said keeps it on track to reach its full-year guidance of PHP30 billion.
PLDT chairman Manuel V. Pangilinan said: "the first half results put the company on track to hit its telco core income target of P30 billion for the year, alongside a high single-digit increase in consolidated service revenues."
PLDT has added 2,800 new 4G BTS in the three months under review, lifting the total to 34,700 (with plans to upgrade a total of 4,000 in FY21), on top of deploying 500 3G BTS to take the total to 16,700, and rolling out a total of 4,800 5G BTS – up from just 500 at the start of the year.