PLDT Home said Wednesday service revenues went up by 21 percent in the first nine months as it moved deeper into unserved market despite challenges posed by shrinking consumer wallets and the impact of inclement weather.
The fiber-to-the-home service of fully-integrated telecommunications company PLDT Inc. posted total revenues of P42.7 billion, up from P35.4 billion in the same period last year.
PLDT Home’s fiber-only service revenues increased 52 percent year-on-year to P35.7 billion. Fiber accounted for 84 percent of total PLDT Home revenues, up from 67 percent a year ago, and higher than the 70 percent recorded in the whole of 2021.
PLDT Home senior vice president and head of consumer business Jeremiah de la Cruz attributed the strong revenue gain to the gross addition of 286,000 customers in the third quarter as the PLDT unit continued to extend its fiber network’s reach.
This brought PLDT Home’s fiber customers to 2.9 million as of end-September and total fixed broadband subscribers to 3.24 million. Darwin G. Amojelar