PLDT says telco core income up 9 pct; service revenues reach 'all-time high'

ABS-CBN News

<p>MANILA - PLDT Inc on Thursday said its telco core income reached P8.2 billion in the first quarter of 2022, higher by 9 percent compared to the same period last year.</p><p>Reported net income, meanwhile, jumped 56 percent to P9.1 billion, the telco said in a disclosure to the stock exchange.</p><p>Consolidated service revenues reached an all-time high of P46.4 billion for the quarter PLDT said, adding that data and broadband contributed 79 percent.</p><p>&quot;We&#x27;re moving in lockstep with our customers&#x27; shifting needs as COVID-19 restrictions ease. Our superior, reliable integrated network continues to sustain hybrid work and learning set-ups, keep loved ones connected online, deliver entertainment content, as well as support businesses and e-commerce,&quot; PLDT and Smart President and CEO Alfredo Panlilio said.</p><p>PLDT recently announced a P77 billion sale and leaseback deal for a total of 5,907 telco towers. Part of the proceeds will be used for debt repayment, it said. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/28/22/bpi-to-finance-p77-billion-pldt-telco-tower-deal">BPI to finance &#x27;landmark&#x27; P77 billion PLDT telco tower sale to foreign investors</a></li>	<li><a href="https://news.abs-cbn.com/business/04/19/22/pldt-sells-59k-telco-towers-for-p77-billion-to-two-towercos">PLDT sells 5.9k telco towers for P77-B to two towercos, leases them back for 10 yrs</a></li>	<li><a href="https://news.abs-cbn.com/business/03/11/22/pldt-tower-sale-proceeds-allotted-to-debt-payment">PLDT says tower sale proceeds earmarked for debt payment</a></li></ul><p>The company also raised its capital expenditure for the year to P85 billion from the earlier P76 to P80 billion guidance, PLDT chairman Manuel Pangilinan said.</p><p>The increase will be for the updated business requirement, the PLDT said. </p><p>Recently, the telco broke ground for its 100MW data center in Laguna.</p><p>Meanwhile, PayMaya was recently rebranded to Maya as it launched its digital bank Maya Bank. </p><p>&quot;The launch is just a beginning. So much work lies ahead. Our teams at PayMaya and Maya Bank know that our high aspirations can only be reached with imagination, perseverance, and plain grit,&quot; Pangilinan said.</p><p>&quot;Success for us is millions of Filipinos who can be banked - whose savings can bear the weight of inflation, where financing can help them plan better for their future- and reliance placed on trusted partner in Maya,&quot; he added.</p><p>As of the end of March, Maya has over 47 million registered users, PLDT said. </p><div><strong>-- with a report from Jessica Fenol, ABS-CBN News</strong></div><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/29/22/paymaya-becomes-maya-ahead-of-launch-of-digital-bank">PayMaya becomes &#x27;Maya&#x27; ahead of launch of digital bank</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1778029" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

PLDT Inc on Thursday said its telco core income reached P8.2 billion in the first quarter of 2022, higher by 9 percent compared from the same period last year.

PLDT says telco core income up 9 pct; service revenues reach 'all-time high' | ABS-CBN

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PLDT says telco core income up 9 pct; service revenues reach 'all-time high'

PLDT says telco core income up 9 pct; service revenues reach 'all-time high'

ABS-CBN News

Published May 05, 2022 01:57 PM PHT

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Updated May 05, 2022 03:13 PM PHT

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