PLDT Inc. has rolled out fiber-to-the-home services in south Metro Manila, adding over 300,000 homes that may gain access to world-class internet service.
The company’s FTTH rollout covers areas in Makati, Pasay, Parañaque, Muntinlupa, and Las Piñas cities, including private villages and subdivisions such as Dasmariñas Village, Better Living Subdivision, Merville, BF Homes Parañaque and Ayala Alabang Village.
“PLDT’s Fibr footprint expansion in Manila’s vibrant south will benefit the area’s rapidly growing commercial district as well as enhance the digital lifestyles of the residents,” PLDT first vice president and head of Home Business Oscar Enrico Reyes Jr. said.
The FTTH expansion in Metro Manila’s southern communities is the latest phase in PLDT’s aggressive nationwide fiber expansion program. It has also transformed entire cities into a Fibr-powered PLDT Smart City, starting with Toledo City in Cebu and followed by General Santos in Mindanao and Naga City in the Bicol region.
PLDT expects to expand its FTTH coverage to 4.4 million homes passed by end of 2017. At the end of March, PLDT’s fiber homes passed stood at 3 million. It is also deploying hybrid fiber technologies, such as Huawei’s G.fast, which can boost data speeds up to 600-700 Mbps over copper lines.
PLDT has invested P300 billion or $6 billion over the last 10 years to roll out the country’s most extensive fixed and wireless network that includes a transmission and distribution network infrastructure, which now has 150,000 kilometers of fiber optic cables, transporting the growing data traffic of its fixed line and mobile networks.
PLDT, partly owned by Hong Kong’s First Pacific Co. Ltd. and Japan’s NTT group, earlier posted a net income of P4.95 billion in the first three months, down 20 percent from P6.21 billon year-on-year.
Core profit, which excludes foreign exchange gains or losses and other non-recurring income, dropped 26 percent to P5.3 billon year-on-year.
The company is maintaining its profit guidance of P21.5 billion this year.
PLDT’s consolidated service revenues fell 7 percent to P35.6 billion from last year’s P40.59 billion.