PLDT Home's fiber biz grew 45%
Published Apr 17, 2023 05:42 am
As demand for digital services continued to surge, PLDT Home's fiber-only service revenues grew 45 percent to P48.5 billion last year.
The home broadband and digital service provider's fiber customers stood at 2.9 million, with 514,000 net additions for the year, capturing almost 60 percent of fiber customer industry growth.
“These numbers are a reflection of our commitment to narrowing the nation’s digital divide by connecting more Filipinos nationwide," says Jeremiah de la Cruz, Senior Vice President and Head, Consumer Business Group – Home at PLDT.
"Despite many challenges, we sustained our growth momentum. We will continue to level up our products and services to provide Filipino households with the technology and tools they need," the executive added.
PLDT Home’s total revenues, counting fiber and non-fiber revenues, accelerated by 20 percent to P57.4 Billion.
This is a historic high, marking the second consecutive year of double-digit revenue growth for the segment, with fiber-only revenues accounting for 84 percent of total PLDT Home revenues.
Overall, the PLDT Group has further expanded its total fiber footprint to approximately 1.1 million kilometers.
This consists of over 231,000 kilometers of international fiber and around 866,000 kilometers of domestic fiber as of end-2022.
Homes passed reached some 17.2 million in 68 percent of the country’s cities and municipalities.
The home broadband and digital service provider's fiber customers stood at 2.9 million, with 514,000 net additions for the year, capturing almost 60 percent of fiber customer industry growth.
“These numbers are a reflection of our commitment to narrowing the nation’s digital divide by connecting more Filipinos nationwide," says Jeremiah de la Cruz, Senior Vice President and Head, Consumer Business Group – Home at PLDT.
"Despite many challenges, we sustained our growth momentum. We will continue to level up our products and services to provide Filipino households with the technology and tools they need," the executive added.
PLDT Home’s total revenues, counting fiber and non-fiber revenues, accelerated by 20 percent to P57.4 Billion.
This is a historic high, marking the second consecutive year of double-digit revenue growth for the segment, with fiber-only revenues accounting for 84 percent of total PLDT Home revenues.
Overall, the PLDT Group has further expanded its total fiber footprint to approximately 1.1 million kilometers.
This consists of over 231,000 kilometers of international fiber and around 866,000 kilometers of domestic fiber as of end-2022.
Homes passed reached some 17.2 million in 68 percent of the country’s cities and municipalities.