Trolling PLDT, Globe, Smart and Sun!
PLDT is confident that it will reach its “profit guidance”* for this year through the country’s good Gross Domestic Product (GDP) performance from the last few quarters or so. Yup, as the country gets richer, so does the spending power of the consumers, a part of which will inevitably go to the coffers of the [...]
PLDT did not do well in Q1 of this year – but then it looks like Q2 looks rosy! According to the Telco Giant, its top and bottomline were higher in Q2 – with single digit growth expectations. This good news puts PLDT on course to hit its P38.3B core net income target for the [...]
PLDT is confident that its prepaid business will continue to grow amidst reports that it added some 2M new subscribers in the first quarter of 2013. According to the Empire, it grew by a rate of 170K new subscribers per week, which covers the telco trinity of Smart, Talk ‘N Text and Sun. Orlando B. [...]
Even the smartest of moguls can be afflicted with base human nature: thinking of oneself versus the good of all – choosing the easy path versus being a statesman. Amado Macasat of the Malaya wrote a piece citing the opinion shenanigans of MVP/PLDT, who, when the Supreme Court declared that PLDT is in violation of [...]
Empire PLDT has declared major changes in its management structure which some sectors see as a bid to place the right people in the right place (or obversly, this can be seen as a move that moves non-performing assets from key positions – who knows). All below will take effect mid-year, on June 1. Who [...]
PLDT expects to meet its P37B core NET income target this year! The Telco Juggernaut of the Philippines, which is “partly owned” by Hong Kong’s First Pacific Co Ltd and Japan’s NTT Group, saw its consolidated service revenues grow by 12% (P126.24B) last January to September from P112.27B in the same 9-month period last year. [...]
Last March, PLDT’s stockholders gave the go-ahead for the creation of 150M worth of voting preferred shares which is aimed at reducing foreign ownership in the company from 59% to 35% (this move will effectively raise Filipino control of the telco giant from 41% to 65%, which will be in accordance with the constitution, specifically [...]