PLDT: Fiber Home And Broadband Biz Major Growth Driver In 2021

PLDT has confirmed the statement of Chairman Manuel V. Pangilinan that its fiber home broadband business was a major growth driver in 2021 and is expected to continue to be so in the coming years.

Photo Insert: The PLDT head office

Demand for home broadband in the Philippines remains robust as only about 20% of the addressable households have a home broadband connection. PLDT Home is well-positioned to respond to the unserved demand given our network advantage, complemented by rapid build-out of ports, and installation capability.

“We already have about 12 million homes passed and about 5.29 million ports, by far the biggest base for ports available,” Chairman Manuel V. Pangilinan said in a statement e-mailed to reporters.

“So by 2022, there will be a big push as Home figures as a major revenue driver for growth for PLDT,” he added.

At the end of September 2021, the company had 5.29 million ports, nearly 615 thousand kilometers of fiber kilometers,12.7 million homes passed, and domestic and international cable capacity of 55TB and 16TB, respectively. This unparalleled reach and capacity ensure the best customer experience for its customers.

While its full-year 2021 results are still to be announced in March, it has recapped some highlights for its Home business shared as part of its nine-month results announcement:

• Fiber net adds of 324 thousand for the third quarter or total net adds as of September to 802 thousand;

• Total fiber subscribers of 2.1 million at the end of September 2021;

• An 84% year-on-year increase in fiber-only revenues of P9.0 billion in the third quarter, representing 20% of total PLDT service revenues of P46.0 billion;

• Anticipating to exceed 1 million net new fiber subscriber adds for full-year 2021

Finally, PLDT Home said it had connected more than 800,000 households with fiber for 2021 alone.

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