Data, Internet revenues offset decline in PLDT?s voice biz

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The company posted a consolidated core net income of P19.4 billion for P19.4 billion, 5 percent or P1.0-billion higher than the P18.4 billion recorded in the first half of 2012. Total broadband and Internet revenues for the period totaled P12.7 billion, a 14-percent growth rate year-on-year; broadband and Internet now account for 16 percent of total service revenues. Wireless broadband revenues, exclusive of mobile Internet revenues, increased by 11 percent to P4.7 billion, compared with the P4.2 billion recorded last year. Moreover, mobile Internet usage continues to grow strongly, with mobile Internet revenues increasing by 49 percent, from P1.4 billion at the end of the first half of 2012 to P2.1 billion at the end of the first half of 2013. PLDT enterprise data and DSL revenues continued to grow on the back of a 7-percent increase in DSL revenues and a 10-percent increase in third party corporate data revenues. The company?s voice business ? ILD (international long distance), LEC (local exchange carrier), and NLD (national long distance) — registered a decline of 3 percent from last year. At the end of June, PLDT’s total fiber footprint stood at more than 71,000 kilometers, inclusive of 7,200 kilometers of international submarine fiber, and over 4,000 kilometers of domestic submarine fiber. PLDT’s total cellular subscriber base was 73.4 million subscribers: Smart Communications with 25.5 million subscribers under its mainstream Smart brands, while value brand Talk ‘N Text ended with 31.8 million subscribers as a result of 1.3 million net additions for the second quarter. Digitel had 16.1 million Sun Cellular subscribers. The group’s combined postpaid cellular subscriber base grew by nearly 115,000 in the second quarter, and stood at 2.2 million at the end of the period, inclusive of Sun Cellular’s 1.4 million postpaid customer count. On the other hand, the company’s combined broadband subscriber base was 3.2 million at the end of the first half of 2013. SmartBro, Smart’s wireless broadband service offered through its wholly-owned subsidiary Smart Broadband Inc., had a wireless broadband subscriber base of about 1.8 million at the end of the period, over 1.25 million of whom were on SmartBro’s prepaid service. Meanwhile, PLDT’s DSL subscribers increased by about 60,000 for the first six months of 2013, bringing the total subscriber base to 920,000, representing 45 percent of the fixed line subscriber base. For the fixed line businesses of both PLDT and Digitel, the subscriber base remained at 2.1 million at the end of the first half of 2013. Service Revenues Smart and Sun Cellular together continue to lead the industry in terms of both revenues and subscribers. Wireless service revenues rose 2 percent to P57.7 billion for the first half of 2013, compared with the P56.7 billion recognized in the same period last year, reflecting the continued growth of non-SMS data and modest increases in cellular voice and data revenues. “Smartphone penetration continues to grow, especially in the postpaid sector where just over to 50 percent of subscribers now own a smartphone,? said Orlando B. Vea, Smart?s chief wireless adviser. ?We believe that postpaid will lead the way in mobile Internet usage, hence our short-term strategy of offering attractive packages in order to entice ownership. We will back this up within the year with content that is engaging and compelling such that our subscribers’ smartphones will be their preferred option when it comes to accessing the Web,” Vea said. He added: “In fact, we have jump started this with the launch of Smart Music and Cignal TV-to-Go last July.? Smart Music is Smart’s online music service. Cignal TV-to-Go is an over-the-top service that allows mobiles subscribers to watch real-time broadcast feeds of Cignal TV on their smartphones or tablets. Currently in beta phase, the service runs on devices with the Android operating system, Jellybean, but will eventually become available, as well, on other operating systems. PLDT also said CignalTV?s subscriber base crossed the half-million mark, now with nearly 515,000 subscribers. It grew from over 457,000 subscribers at end of March 2013, up from about 279,000 at the end of March 2012, and from over 441,000 at the end of 2012.]]>

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