The country’s two largest telecom companies are unfazed by the entry of US Internet television TV network Netflix.
Netflix announced that its service would be available in more than 130 countries, including the Philippines. Netflix is offering a first month free trial for new members upon signing up, while charging P370 a month for one screen in the Philippines, P460 for two screens and P550 for four screens.
“We think the enhanced availability of Netflix in the Philippines is likely to stimulate greater consumer interest in video streaming services,” said Philippine Long Distance Telephone Co. spokesman Ramon Isberto.
“This adds to the growing range of compelling content that people can easily access through the extensive and robust fixed line and wireless networks of PLDT and Smart,” he said.
PLDT recently invested $15 million in iFlix, in line with the strategy to develop new revenue streams and complement present business by participating in the digital world beyond providing access and connectivity.
