Broadband, data biz slowly becoming bread-and-butter of PLDT

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PLDT In 2012, the company’s revenues from data and broadband overtook revenues from the legacy businesses. However, relative to local and regional telcos, PLDT’s legacy revenues still comprise a greater percentage of its total revenues. ?In the first quarter of 2014, consolidated revenues grew 3 percent year-on-year on the back of a 22-percent rise in broadband and data revenues, muted by a 2 percent decline in legacy revenues and a similar decline in combined LEC, cellular domestic voice and SMS revenues,? PLDT chairman Manuel V. Pangilinan said. LEC refers to Local Exchange Carrier, a telecommunications term for a local telephone company. The company?s consolidated service revenues for the first quarter of the year improved by 3 percent to P41.2 billion, as revenues increases from the data and Internet business exceeded declines from international and national long distance streams. Total broadband, data, and Internet revenues for the period rose by P1.5 billion or 24 percent year-on-year to P7.6 billion, and now account for 18 percent of total PLDT service revenues. Wireless broadband revenues, exclusive of mobile Internet revenues, increased by 7 percent to P2.4 billion from P2.3 billion last year. On the other hand, mobile Internet revenues grew by 81 percent to P1.8 billion as the upward momentum in usage continued. The PLDT Group?s fixed broadband businesses registered revenues of P3.4 billion in the first quarter of 2014, higher by 18 percent from the same period in 2013. The group’s combined broadband subscriber base was 3.6 million at the end of March 2014. Smart’s wireless broadband subscriber base reached 2.0 million at the end of the period, over 1.4 million of whom were prepaid customers. In addition, Sun Cellular had a wireless broadband subscriber base of more than 548,000. Meanwhile, PLDT’s fixed broadband subscribers crossed the 1-million mark having increased by 10 percent in the first quarter of 2014, and now represent 48 percent of the fixed line subscriber base. Data and fixed broadband revenues, now contributing 53 percent to total fixed line revenues, continued to grow following an 18-percent improvement in fixed broadband revenues, a 6-percent rise in corporate data and other network services, and a 14-percent increase in data center revenues. On the other hand, combined ILD (international long distance) and NLD (national long distance) businesses of PLDT, accounting for 14 percent of fixed line revenues or P2.0 billion, were lower by 6 percent. In the wireless space, subsidiaries Smart Communications and Digitel Mobile continued to lead the industry in terms of both revenues and subscribers. Wireless service revenues grew by 2 percent year-on-year to P28.9 billion in the first quarter of 2014, buoyed by the continued rise in both non-SMS data and cellular voice revenues. Postpaid revenues, now accounting for 20 percent of total cellular revenues, registered a 17-percent increase to P5.1 billion in the first three months of 2014. The PLDT Group’s total cellular subscriber base at the end of March 2014 was 70.5 million subscribers, broken down as follows: Smart had 25.9 million subscribers under its mainstream Smart brands; value brand Talk ‘N Text ended with 29.5 million subscribers; and there were 15.1 million Sun Cellular subscribers. The group’s combined postpaid cellular subscriber base grew by 19 percent or about 394,000 from the first quarter of 2013 to 2.5 million at the end of March 2014, while the combined prepaid cellular subscriber base reached 68.0 million. ]]>

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