PLDT, Globe profit margins to narrow in 2015 – Fitch

Profit margins at the country’s two dominant telecommunication players are expected to narrow next year as revenues from text messages continue to shrink, Fitch Ratings said in a forecast.

The rating agency said profitability for Philippine Long Distance Telephone Co (PLDT) and Globe Telecom Inc. would slip as lower-margin data service replaces higher-margin services such as text, voice, and international traffic.