PT&T Corp. plans to resume trading on the Philippine Stock Exchange (PSE) within the first half of 2025, following a two-decade voluntary suspension.
“The plan is to be able to do that within the year. So, hopefully within the first half is our objective,” PT&T president and chief executive James Velasquez said.
“It’s in the process. So, there are still a few things that we need to complete. But I would say 90 percent of what we need to do has been completed,” he said.
PT&T’s stock was last traded on Dec. 9, 2004, when it closed at P0.33. It had a public float of 29.95 percent.
The Securities and Exchange Commission (SEC) approved the increase in the company’s authorized capital stock in November 2023 from P3.8 billion to P12.6 billion.
PT&T said the successful debt-to-equity conversion enabled the company to eliminate P9.3 billion in capital deficiency, resulting in a substantial decrease in its liabilities and strengthening its capital position and achieving an impressive turnaround of over 100 percent year-on-year.
SecureLink Networks, a joint venture between PT&T and Australia’s Netlinkz Ltd., earlier launched a cybersecurity solution designed to protect businesses in the Philippines.
The partnership combines Netlinkz’s cybersecurity expertise with PT&T’s telecommunications and IT infrastructure, offering secure and scalable solutions.
SecureLink Networks is introducing Virtual Secured Network Plus (VSN+) to the Philippines — a technology that combines high-speed, secure connectivity with enterprise-grade cybersecurity features.
PT&T has a network reach of 28,266 fiber kilometers in high-growth areas, covering almost 40 percent of the total Philippine population.
The company holds a 25-year national legislative franchise which allows it to establish, maintain and operate both wired and wireless telecommunications systems for domestic and international communication.