PLDT Inc. (PHI): history, ownership, mission, how it works & makes money

PLDT Inc. (PHI): history, ownership, mission, how it works & makes money

PH | Communication Services | Telecommunications Services | NYSE

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A Brief History of PLDT Inc. (PHI)

Company Overview

PLDT Inc. is the leading telecommunications company in the Philippines, listed on the Philippine Stock Exchange with ticker symbol TEL.

Financial Performance

Financial Metric 2023 Value
Total Revenue PHP 214.1 billion
Net Income PHP 37.6 billion
Total Assets PHP 484.3 billion
Market Capitalization PHP 340.5 billion

Key Business Segments

  • Wireless Services
  • Fixed Line Services
  • Digital Services
  • Enterprise Solutions

Technological Infrastructure

PLDT operates the largest fiber network in the Philippines, covering 82,000 kilometers of fiber infrastructure.

Subscriber Base

Service Category Number of Subscribers
Mobile Subscribers 87.4 million
Home Broadband 4.2 million
Enterprise Connections 36,000 corporate clients

International Connectivity

PLDT maintains 9 international submarine cable systems connecting the Philippines to global networks.

Digital Transformation Investments

  • 5G Network Coverage: 95% of major cities
  • Digital Services Revenue: PHP 42.3 billion
  • Annual Technology Investment: PHP 50.2 billion


Who Owns PLDT Inc. (PHI)

Major Shareholders

Shareholder Ownership Percentage
MVP Group of Companies 26.95%
NTT Communications Corporation 20.00%
PCD Nominee Corporation 45.45%

Detailed Ownership Structure

PLDT Inc. has a diverse ownership structure with key stakeholders:

  • Manuel V. Pangilinan leads the MVP Group of Companies, a primary shareholder
  • NTT Communications Corporation holds a significant strategic stake
  • PCD Nominee Corporation represents various institutional and individual investors

Foreign Ownership

Foreign ownership in PLDT is limited to 40% of total outstanding shares, in compliance with Philippine telecommunications regulations.

Public Float

The public float of PLDT Inc. is approximately 53.05% as of 2024.



PLDT Inc. (PHI) Mission Statement

Corporate Mission Overview

PLDT Inc. aims to be the leading integrated telecommunications company in the Philippines, providing world-class digital services and innovative solutions.

Strategic Focus Areas

  • Digital infrastructure development
  • Broadband connectivity expansion
  • Enterprise digital transformation services
  • Mobile network enhancement

Financial Performance Metrics

Financial Indicator 2023 Value
Total Revenue PHP 217.4 billion
Net Income PHP 26.1 billion
EBITDA PHP 101.7 billion
Subscriber Base 82.4 million

Network Infrastructure

PLDT operates 99.8% network coverage across the Philippines, with 76,000 cell sites and extensive fiber optic network.

Digital Service Segments

  • Home Broadband
  • Enterprise Solutions
  • Mobile Services
  • Digital Financial Services

Technology Investment

PHP 50.3 billion invested in network infrastructure and digital transformation in 2023.



How PLDT Inc. (PHI) Works

Company Overview

PLDT Inc. is the largest telecommunications company in the Philippines, listed on the Philippine Stock Exchange with ticker symbol PHI. As of 2024, the company operates with a market capitalization of PHP 234.5 billion.

Business Segments

Segment Revenue (2023) Key Services
Wireless PHP 120.3 billion Mobile telecommunications
Fixed Line PHP 62.7 billion Internet, landline, data services
Digital Services PHP 45.2 billion Cloud, cybersecurity, enterprise solutions

Network Infrastructure

PLDT maintains a comprehensive telecommunications network with:

  • Over 71,000 cell sites nationwide
  • Fiber-optic network spanning 467,000 kilometers
  • 4G/5G coverage in 95% of urban areas

Financial Performance

Financial Metric 2023 Value
Total Revenue PHP 228.2 billion
Net Income PHP 36.5 billion
EBITDA PHP 94.7 billion

Subscriber Base

PLDT's subscriber numbers as of 2024:

  • Mobile subscribers: 77.4 million
  • Broadband subscribers: 8.2 million
  • Home fiber subscribers: 3.6 million

Technological Investments

PLDT invested PHP 52.3 billion in network infrastructure and digital transformation in 2023.



How PLDT Inc. (PHI) Makes Money

Telecommunications Revenue Streams

PLDT Inc. generates revenue through multiple telecommunications services:

Service Category Revenue Contribution (2023)
Wireless Services PHP 137.3 billion
Fixed Line Services PHP 48.7 billion
Data and Digital Services PHP 96.5 billion

Core Business Segments

  • Wireless Communications via Smart Communications
  • Fixed Line Services through PLDT Home
  • Enterprise Services through PLDT Enterprise

Revenue Breakdown

PLDT's total consolidated revenues for 2023 reached PHP 289.3 billion.

Revenue Source Percentage
Cellular Services 47.5%
Data and Broadband 33.4%
Voice Services 12.6%
Others 6.5%

Digital Transformation Revenue

Digital services contributed PHP 96.5 billion in 2023, representing significant growth in cloud, cybersecurity, and enterprise solutions.

International Connectivity

International voice and data services generated approximately PHP 15.2 billion in 2023.

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