Philippine Long Distance Telephone Co. (PLDT) on Wednesday said that its 2013 first half consolidated core net income, before exceptional items amounted to P19.4 billion, for a 5-percent or P1-billion increase over the P18.4 billion recorded in the same period last year.
“It is encouraging that we are beginning to show signs of growth. We continue to pursue growth in data, while maintaining the equilibrium of our core businesses and managing the long-tail of our legacy services,” said Manuel Pangilinan, PLDT chairman.
“But more than anything, I am excited to see the beginnings of the synergy between our traditional and new businesses. Smart Music, Cignal over Fibr, Cignal TV-to-Go are services made possible by our investments in new network platforms, content creation and aggregation, and media and have the potential to be game-changers,” he added.
PLDT’s consolidated service revenues for the first six months of 2013 grew 2 percent to P81.1 billion, as revenues from its data and Internet business more than offset the declines from international and national long distance streams.
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.
Capital expenditures are expected to reach P29 billion for the year, which is P7.4 billion lower than the level of 2012.
PLDT is the first Philippine company to be rated “investment grade” by all three major international ratings agencies.
The PLDT Group’s total cellular subscriber base as of June 30, 2013 was 73.4 millionbroken down as follows: Smart Communications Inc., 25.5 million under the brand and Talk ‘N Text with 31.8 million subscribers; and 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.
“Smartphone penetration continues to grow, especially in the postpaid sector where just over to 50 percent of subscribers now own a smartphone,” said Orlando Vea, Chief wireless adviser of Smart.
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.