Pins matching tag:Philippines

The 9,988-kilometre Asia Direct Cable, landing at PLDT's Nasugbu station in Batangas, went live in February 2025, linking the Philippines to Singapore, Hong Kong, Japan, Vietnam, Thailand and China.

PLDT's 2024 telco core income rose 2% to ₱35.1 billion, in line with guidance, and reported net income jumped 21% to ₱32.3 billion; the board declared a ₱47 final dividend for ₱97 a share in all, a 60% payout.

PLDT inaugurated its Digos, Davao del Sur landing station for the 12,000-kilometre Apricot cable, one of two Philippine landings that give PLDT routes facing the Pacific rather than the West Philippine Sea.

PLDT's first-quarter 2025 telco core income fell 6% to ₱8.8 billion, but overall core income held at ₱8.9 billion as digital bank Maya contributed ₱127 million in its first profitable quarter.

PLDT shareholders approved the 2024 audited financial statements and elected 13 directors, including three independents, at the annual meeting at the Grand Hyatt Manila in Bonifacio Global City.

PLDT's first-half 2025 core income edged up to ₱17.6 billion on a ₱1.1 billion swing at Maya, while full-year capex guidance was cut to ₱63 billion from ₱68-73 billion and the board declared a ₱48 interim dividend.

The Konektadong Pinoy Act became law on 24 August 2025 without President Marcos's signature, letting new data-transmission players build and run networks without a congressional franchise. PLDT had urged a veto and said it may challenge the law's constitutionality in court.

PLDT's core income held at ₱25.8 billion in the first nine months of 2025 as Maya's ₱603 million offset a 5% drop in telco core income, and the group turned free-cash-flow positive a year ahead of its 2026 target.

Smart texted between Catanduanes and Metro Manila and loaded its website through Lynk Global's low-orbit satellites, its first direct-to-device satellite test, from a coastal village in Pandan.

PLDT posted record 2025 EBITDA of ₱111.2 billion and core income up 1% to ₱34.6 billion, but reported net income fell 7% to ₱30.0 billion; the board declared a ₱46 final dividend and guided 2026 capex to the mid-₱50 billion range.

Smart and Lynk Global texted Metro Manila by satellite and reached the DICT and PAGASA websites from Burgos, Bangui and Pagudpud, Ilocos Norte coastal towns facing the West Philippine Sea.

PLDT's first-quarter 2026 core income rose 2% to ₱9.1 billion on Maya's contribution and asset-sale gains, while capex fell to ₱10 billion and free cash flow stayed positive.

Danny Yu retired as PLDT's chief financial officer and chief risk officer at the end of May 2026, after steering the group back to positive free cash flow in 2025; treasurer Leo Posadas became officer-in-charge of finance from 1 June.

PLDT signed a share purchase agreement with Meralco's Paragon Vertical for the 65.1% of fibre carrier Radius Telecoms it does not own, a PHP 2.935 billion deal that will make Radius a wholly owned unit once the competition and telecom regulators approve.

A magnitude 7.8 quake off southern Mindanao cut power to PLDT and Smart sites around General Santos; by 10 June Smart had service back in 22 of 24 affected provinces, with Starlink links filling gaps.

PLDT's data centre arm VITRO filed its registration statement and REIT plan with the Philippine SEC for an IPO of up to PHP 24.2 billion, the country's first digital infrastructure REIT, backed by eight data centres of about 24 MW.

PLDT's first-half 2026 core income held at ₱17.3 billion while reported net income fell to ₱16.4 billion; the board declared a ₱46 interim dividend, a 60% payout, and Pangilinan declined to give full-year guidance.

PLDT said faulty controls over structured hedge accounting were a material weakness at end-2025, and its auditor SGV withdrew its opinions on the 2025 statements and controls in the US Form 20-F, which PLDT will amend after an Audit Committee review.

PLDT's nine-month 2026 results, after a flat first half with core income at ₱17.3 billion and no full-year profit guidance; 2026 capex is guided to the mid-₱50 billion range.

The After Dark Tour's first race in the Philippines: a sold-out women's night 10K from Kilometer Zero on Roxas Boulevard past the National Museum, across Jones Bridge and through Intramuros.

PLDT's ePLDT plans to sell up to 49% of VITRO REIT, eight data centres with about 24 MW, for up to ₱24.2 billion at up to ₱11 a share; the 12 October listing has been pushed back while cornerstone investors are lined up.

PLDT's full-year 2026 results and final dividend, expected in late February 2027 under its 60% payout policy, after guidance for 2026 capex in the mid-₱50 billion range.

Smart plans to switch on commercial satellite-to-phone service with Lynk Global in 2027, the first in the Philippines, starting with texts and light data for remote islands and disaster zones.