PLDT Inc. said it is optimistic about its home broadband business this year due to an aggressive network expansion.
“As we look to 2019, we will continue to blaze the trail for data and digital services in the Philippines and raise the bar in delivering unparalleled customer experiences,” said PLDT-Smart senior vice president and consumer business market development head Oscar Reyes Jr.
Revenues of PLDT’s Home Business Group rose 10 percent to P36.4 billion in 2018, powered by rising customer demand for its fiber-powered broadband services.
PLDT last year signed up 245,000 new Home customers for its fiber-powered internet services, increasing its broadband subscriber base to over 1.9 million.
This raised PLDT Home’s data service revenues by 33 percent to P27.5 billion, which now accounts for 75 percent of total Home revenues.
“2018 has been a stellar year for PLDT Home,” Reyes said.