Bayan confident of reaching PHP5.1bn revenue target in 2012

Filipino telecoms operator Bayantel Telecommunications Inc (Bayan) is reported to be confident of exceeding its target of generating revenue of PHP5.1 billion (USD123.5 million) in FY 2012. ABS-CBNnews.com quotes the telco’s vice president for marketing Juan Jose De Jesus as saying that the carrier hopes to beat the figure by around 3%, adding that Bayan’s bottom line is looking positive and that it has ‘healthy’ EBITDA. By the start of this year the Lopez-controlled group had settled total debts worth PHP7.274 billion since it underwent rehabilitation in July 2004. Bayan currently counts around 140,000 broadband internet subscribers, up from 120,000 in 2011, and a fixed telephony base of 190,000 users. In fiscal 2012 it is targeting growth in its DSL subscriber base in the region of 12%-15%.