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Thursday, May 30, 2024

Eastern Communications targets 17% increase in revenues to P4.8b

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Eastern Communications said it expects a 17-percent revenue increase in 2024, driven by the expansion of its enterprise product offerings.

Eastern Communications vice president and head of sales Mike Castaneda said the company was aiming for P4.8-billion revenue this year, higher than P4.1 billion in 2023.

“I think we can deliver that with the quality of our service,” he said.

Edsel Paglinawan, vice president and head for product and innovation, said diversifying their ICT offerings reflects Eastern Communication’s commitment to providing solutions that address the evolving concerns of businesses.

“By introducing a broader array of business management tools, we aim to equip our customers with the resources they need to streamline operations, enhance efficiency, and drive growth. This strategic approach underscores our dedication to innovation and customer-centricity,” Paglinawan said.

Eastern Communications co-coordinator Vince Tempongko expressed optimism that the expansion would drive significant growth in market share, revenue and client base.

“With the recent expansion of service areas and the diversification of our product portfolio, we’re optimistic about our current position. We foresee additional growth opportunities as we continue to expand in the future,” he said.

The company allocated P1.15 billion for 2024 capital expenditures, higher than P1.04 billion in 2023.

Eastern Communications aims to augment efforts into more sites and business hubs while also continuing its network infrastructure improvements and restoration across the country. Darwin G. Amojelar The target areas—Iloilo, Davao, Bohol, Boracay, CDO, Bacolod and Dumaguete—were selected for their potential to enhance national connectivity and address digital disparities.

These areas offer opportunities for broader internet access and are conducive to fostering economic growth.

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