Globe posts 9% rise in core earnings
Globe Telecom Inc. reported an improvement in core earnings, which removes non-recurring charges and foreign exchange losses, during the first nine months of 2013.
View ArticlePLDT completes P1B Palawan fiber optic link
Philippine Long Distance Telephone Co., the country’s largest telecommunications provider, has completed a 620-kilometer fiber optic project linking Palawan province to its broader network infrastructure.
View ArticlePLDT out to help family-driven ‘minigosyantes’
PLDT KaAsenso, the telecommunication leader’s microentrepreneurship arm, is jump-starting the year with a clearer vision and a bigger mission for the country’s grassroots entrepreneurs.
View ArticleBiz Buzz: Landlord versus homeowners
DEPENDING on which side you hear from, the property developer is either an unreasonable landlord or one that’s only asserting its right to property and to “ensure tranquility and security” in the...
View ArticleCompetition in telecommunications
IF PLANS do not miscarry, a third major player may soon challenge the duopoly of PLDT and Globe Telecom in the country’s lucrative telecommunications market.
View ArticleAyala Corp. cites gains across core businesses
Conglomerate Ayala Corp. said earnings in the first nine months of 2015 rose as it cited gains across its telecommunications, real estate and banking units, apart from a non-recurring gain realized in...
View ArticlePLDT completes P6-B, multi-year transition to IP-based system
Philippine Long Distance Telephone Co., the country’s biggest telecommunication services provider, said customers could expect better digital services following the completion of a multi-year...
View ArticlePLDT secures 7.5% stake in iflix
Local telecommunication giant Philippine Long Distance Telephone Co. has converted a $15-million investment in iflix, Southeast Asia’s leading Internet TV service provider, into a 7.5-percent equity.
View ArticleAyala group sets P174-B capex budget for 2016
Conglomerate Ayala Corp. has set a record-high group-wide capital spending budget of P174 billion for this year to fund new power generation and property projects and boost telecommunication business.
View ArticleRed tape gets in the way, says Globe
Bureaucratic red tape in the telecommunication sector has a price tag, and it is steep.
View ArticleWeak regulation a drag to entry of foreign telcos
NEW FOREIGN players may continue to shun the Philippines’ lucrative telecommunications sector as the country’s weak regulatory environment favoring powerful incumbent players is considered a “major...
View ArticleImpact Telecom launches new unlimited calling to PH
DENVER, Colorado — Impact Telecom, a leading provider of international long distance services and voice and messaging solutions, is now offering unlimited calling to the Philippines with its new...
View ArticleCompetition agency to probe telcos
Presumptive President-elect Rodrigo Duterte’s stern warning for the two dominant telecommunication companies to shape up has emboldened the Philippine Competition Commission (PCC) as it vowed to look...
View ArticleAfter SMC telco buyout, PLDT-Globe duopoly continues
Two is still the magic number in the local telecommunications space after Philippine Long Distance Telephone Co. (PLDT) and Globe Telecom on Monday sealed a massive deal to acquire a budding rival’s...
View ArticlePLDT urges standard permit system for data highway
PLDT Inc. wants national and local government regulations streamlined, saying this will hasten the deployment of a broadband infrastructure.
View ArticlePLDT, Globe ink pact to lower cross network calling rates
Industry giants PLDT Inc. and Globe Telecom finally agreed on Monday to lower access charges for domestic voice calls between their networks, described as among the highest in the region. The...
View ArticleSmart sets network expansion in Metro Manila
PLDT Inc.’s Smart Communications announced a major network expansion in Metro Manila in a bid to improve services—with special focus on high-speed mobile internet.
View ArticleForeign firms invited to break telco duopoly
The Philippines said its door was now wide open to new foreign telco players, translating into a broad policy for the first time since President Duterte launched criticisms against the industry duopoly...
View ArticleNTC to telcos: Stop collecting fees for paper bill delivery
The National Telecommunications Commission (NTC) has prohibited telecommunications companies from charging fees for paper bill delivery.
View ArticleSmartphone market to stay cool this year – IDC forecast
International Data Corporation (IDC) projected on Wednesday that global smartphone sales would cool this year before heating up with help from new 5G networks and India's vibrant market.
View ArticleDICT chief threatens to resign over 3rd telco roadblocks
The head of the Department of Information and Communications Technology (DICT), fed up with government delays in the selection of a new major telco player, has issued an ultimatum.
View ArticleSamsung Electronics posts $9.9B Q2 net profit, down 0.1%
Seoul, South Korea – Samsung Electronics on Tuesday reported a 0.1 percent dip in its second quarter net profit from a year earlier, blaming slower sales of smartphones and display panels for the drop.
View ArticleSouth Korean tycoons pay tribute to late Samsung chief
SEOUL — South Korea’s billionaire business leaders lined up Monday to pay respects to the late Samsung Electronics chairman Lee Kun-hee, for decades the country’s richest and most powerful...
View ArticleDito says telco network is ready as 1st audit begins
MANILA, Philippines — Telecommunications startup Dito Telecommunity said on Thursday it expects to pass the mandated audit of its network that begins this week. This will be the first official test of...
View ArticleThird telco Dito’s franchise bid reaches Senate plenary
MANILA, Philippines — The franchise renewal of Dito Telecommunity as well as several other telco and broadcast franchise bills have reached the Senate floor for plenary deliberations. “We recognize...
View ArticleFrench telecoms tycoon Niel buys 2.5% stake in Vodafone
LONDON -French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.5-percent stake in Britain’s Vodafone through an investment vehicle. The vehicle –...
View ArticleEdgePoint open to acquiring more PLDT cell towers
EdgePoint Infrastructure is open to acquiring more tower assets of Manuel Pangilinan-led PLDT Inc. as it ramps up its local portfolio, banking on the growing demand for connectivity in the country....
View ArticleAnti-red tape body vows to speed up telco permits
The Anti-Red Tape Authority (Arta) is pushing for more reforms to speed up the permitting process for telecommunication companies, as the number of fixed and wireless infrastructure build-out...
View ArticleSIM card registration law: A litmus test for PH telcos
The main agenda of SIM (subscriber identity module) card registration is to curb the proliferation of text scams. But there appears an unintended repercussion: it can further heat up the already...
View ArticleUpgraded growth goal lifts Philippine shares
Philippine shares rebounded on Wednesday as telecommunications and internet stocks outperformed while foreign investors continued to pile into the market. The benchmark Philippine Stock Exchange index...
View ArticleTelcos vow to keep pace with advancing tech
The telecommunications industry has come a long way from its initial role of just providing a link for phone calls and text messages. The advancement of technology through the years has enabled more...
View ArticleRevolutionizing telecommunication sector’s role in PH digital transformation
In meeting its long-term potential, the Philippines is expected to achieve an average annual economic growth rate of 5.6 percent over the next two years. However, inflation will be a challenge this...
View ArticleGOCCs, local gov’ts ordered to speed up processing of telco permits
MANILA -The government has mandated that permits related to construction of telecommunication and internet infrastructure be processed within seven days in a bid to speed up the rollout of networks...
View ArticleEdotco telco tower sharing in full swing by next year
MANILA -Telecommunication tower company (TowerCo) Edotco Group is aiming to house all of the mobile service providers under the same facilities by next year—a move that supports tower-sharing...
View ArticleNOW Telecom pushes 5G dreams
MANILA, Philippines —NOW Telecom intends to go for a broad expansion of its network and is pushing closer to its goal of rolling out 5G services after the National Telecommunications Commission...
View ArticlePLDT buys stake in Meralco unit, continuing expansion mode
MANILA, Philippines —After acquiring Sky Cable’s broadband business, PLDT Inc. is making another investment by purchasing a 34.9-percent stake in a Manila Electric Co. (Meralco)-owned telco for P2.12...
View ArticleScrap Congressional franchise requirement for telcos–Neda
MANILA, Philippines —Dismantling the legislative franchise requirement for telecommunication firms would help attract more players, creating healthy competition that could boost services, the...
View ArticleMaharlika keen to invest in rural telco towers
MANILA, Philippines —Maharlika Investment Corp. (MIC), the company managing the country’s nascent sovereign wealth fund, is in talks with potential foreign partners for a planned joint venture (JV)...
View ArticleConverge CEO joins global tech leaders at MWC Barcelona
About 80,000 global tech leaders converge in Barcelona this week for the Mobile World Congress (MWC) that is expected to focus on artificial intelligence, 5G and even 5.5G, and sustainability among...
View ArticleDITO group eyes P4.2 billion from follow-on offer to boost telecom unit
MANILA, Philippines — DITO CME Holdings Corp. intends to raise about P4.2 billion from a proposed follow-on offering, proceeds from which will fund the expansion of its telecommunication business at a...
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