PLDT, Inc. Chairman Manuel V. Pangilinan on Wednesday said he expects a “big push” this year as the group’s PLDT Home becomes a “major” growth driver.
“We already have about 12 million homes passed and about 5.29 million ports, by far the biggest base for ports available,” he 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.
PLDT Home said it had connected more than 800,000 households with fiber for 2021 alone.
It recently introduced new Home plans, including the Unli Fiber Plans ranging from 50Mbps (megabits per second) speeds for Plan 1699 to 1000Mbps for Plan 9499.
“It’s a big part of PLDT Home’s unwavering commitment to provide Filipino families a future that they can look forward to — a future where more homes across the country can easily access the best digital services and fastest connectivity,” said Butch G. Jimenez, Jr., senior vice-president and head of PLDT Home Business.
PLDT Home’s fiber-to-the-home business gained 324,000 customers in the third quarter of 2021, bringing the total customer count to 2.09 million at the end of September.
It previously said that its churn rate in the first half of 2021 declined to 1.5% from 2.1% in the same period a year ago.
PLDT Home saw its revenue increase 25% to P35.3 billion in the first nine months of 2021.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin
