PLDT eyes growth outside Metro Manila

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A top official of the Philippine Long Distance Telephone Co. (PLDT) said that the company is looking for new opportunities in areas outside Metro Manila (National Capital Region), such as Luzon, the Visayas and Mindanao.

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“We are looking at exploring opportunities. We are always opening to exploring. I think in Mindanao,” said Napoleon Nazareno, president and chief executive officer of PLDT.

He added that, “[But] we are still open, [in]the other parts of Visayas and Luzon, [in]areas where we have no presence.”

“Right now we are not looking at complete prospects but we are open to discuss with Paptelco [Philippine Association of Private Telephone Companies],” Nazareno said.

Paptelco’s major function is to collaborate with government agencies, as well as with other carriers and technology vendors to come up with truly responsive national policies on telecommunications.

PLDT’s 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.

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, such as Moody’s, Fitch and Standard and Poor’s.

Rosalie C. Periabras

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