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PLDT cuts ’14 profit outlook, hikes capex

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Philippine Long Distance Telephone Co. (PLDT) cut its profit outlook for the full-year 2014 while announcing an increase in capital spending—steps it said were aimed at addressing intensifying competition and the shifting telco landscape.

Posted: November 5th, 2014 in Headlines | Read More »

PLDT insists Globe deal with Bayantel to pose unfair competition

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PLDT-0929

Philippine Long Distance Telephone Co., the country’s biggest telecommunications provider, insists that rival Globe Telecom’s acquisition of Bayan Telecommunications Inc. (Bayantel) would result in “unfair” competition.

Posted: November 3rd, 2014 in Headlines,Latest Business Stories | Read More »

Globe raises P10B from sale of shares

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Globe Telecom Inc. has raised a total of P10 billion from the sale of non-voting preferred shares, which would be listed on the local stock exchange on Friday, a regulatory filing showed on Monday.

Posted: August 19th, 2014 in Headlines,Latest Business Stories | Read More »

NTC: Refunding text overcharge ‘easy’

cellphone load

There should be no problem in refunding billions of pesos in excess text messaging being charged by telco providers since 2011, an official from the National Telecommunications Commission (NTC) said.

Posted: May 9th, 2014 in Latest Business Stories | Read More »

PLDT completes P1B Palawan fiber optic link

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Philippine Long Distance Telephone Co., the country’s largest telecommunications provider, has completed a 620-kilometer fiber optic project linking Palawan province to its broader network infrastructure.

Posted: April 4th, 2014 in Headlines | Read More »

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