Cignal TV said Thursday it expects subscribers to hit two million as early as 2017.
Cignal chief operating officer Oscar Reyes Jr. said in a news briefing it reached its target of one million subscribers earlier than anticipated this year.
“We should grow over 1.1 million subscribers by end of the year and we are targeting another one million subscribers over the next two to three years,” Reyes said.
Cignal, the pay TV unit of MediaQuest Holdings Inc. owned by Philippine Long Distance Telephone Co.’s Beneficial Trust Fund has overtaken rival SkyCable and Destiny Cable with combined subscribers of 775,000.
Reyes said majority of its subscribers had switched from their former pay TV service providers.
“For this year, prepaid has been growing very, very well, but I expect postpaid would catch up because of the new plan, which we just launch last month. Right now, we are 35 percent, hopefully we will end up about over 40 percent next year,” he said.