PLDT’s Nazareno targets 2.6m broadband subscribers by year-end

3 Aug 2011

Napoleon Nazareno, the president of Philippines telecoms powerhouse Philippine Long Distance Telephone Company (PLDT), says he expects broadband to bolster earnings in the second half of this year, as revenues from traditional voice call and SMS services begin to stutter. Dow Jones Newswires quotes Nazareno as saying that PLDT ‘should reach 2.5 million to 2.6 million [broadband] subscribers by the end of 2011’, a 600,000 increase on the 2.03 million the telco reported at end-2010. In the first six months of this year, service revenues derived from broadband reached PHP9.0 billion (USD214.5 million), up 8% year-on-year from PHP8.4 billion in 1H10 – although total service revenue dipped 3% to PHP69.6 billion.



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.