PLDT 2010 Net Income Hits PhP40.2B

Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) has announced net income of PhP40.2 billion for 2010, up 1% from the PhP39.8 billion recorded last year. Core net income, net of exceptional items, rose 2% to PhP42 billion. A closer look at the underlying revenue mix will show the ongoing transition of revenue streams with […]
Continue reading…

 

Globe Net Income Down 22% in 2010

Globe Telecom Inc. (PSE: GLO) closed 2010 on a high note with, normalized fourth quarter service revenues of PhP16.2 billion nearing all-time highs. The Company’s service revenues for the year reached PhP62 billion, just slightly below prior year’s level of PhP62.4 billion, and an improvement over the 2% or PhP1.1 billion gap as of the […]
Continue reading…

 

PLDT, NTT Com, StarHub and TM to Build $430M Fiber-optic Cable System

Philippine Long Distance Telephone Company (PLDT, PSE: TEL) has signed a construction and maintenance agreement with Japan’s NTT Communications and Singapore’s StarHub to build Asia Submarine-cable Express (ASE), a $430-million next-generation high-bandwidth optical fiber underwater cable system. Telekom Malaysia (TM) signed a separate agreement with NTT Communications in Kuala Lumpur.  The 7,200-kilometer ASE system will […]
Continue reading…