PLDT to accelerate network migration

PLDT Inc. said on Thursday it plans to decommission about 185 telecom towers that provide duplex time-division LTE for its legacy wireless service called Home Ultera.

With this, the more than 3,000 Home Ultera subscribers who qualify for service migration will have the option to either upgrade to higher speed fixed fiber plans or postpaid home wireless service at no additional cost and for better customer service. .

This migration initiative will cover 58 areas in the Philippines including Abra, Agusan del Sur, Aklan, Albay, Antique, Basilan, Bataan, Batangas, Benguet, Biliran, Bohol, Bukidnon, Bulacan, Cagayan, Camarines Norte, Camarines Sur, Kapis, Cavite. , Cebu, Davao de Oro, Davao del Norte, Davao del Sur, Davao East, Samar East, Guimaras, Ifugao, Ilocos Norte, Ilocos Sur, Iloilo, La Union, Laguna, Lanao del -Norte, Maguindanao, Metro Manila, Misamis West, and Misamis Oriental.

“The decommissioning follows the sale of the tower announced by PLDT earlier this year. In April, PLDT announced a breakthrough arrangement to sell and lease back 5,907 telecom towers as part of its strategic transformation to further invest and improve network operations.

PLDT Home has over 3.1 million fiber subscribers. It has a portfolio of 803,000 kilometers of fiber optic cables covering 15.5 million homes and a total capacity of 6.25 million ports.

In May, the company announced that it had set aside 85 billion pesos to support additional claims for its home and corporate businesses, as well as to meet its contractual obligations to sell its tower assets.

This figure will be used to “support updated demand growth requirements for home broadband and data center businesses, and additional tower upgrades or passive infrastructure assets subject to tower leaseback sale.”

The company posted a 56 percent rise in first-quarter net income to 9.1 billion pesos, with core telecommunications revenue of 8.2 billion pesos.

Its revenue reached 46.4 billion pesos, up 3% to 46.5 billion pesos thanks to the Home and Enterprise verticals. In 2022, PLDT expects to generate core telecom revenue of 33 billion pesos with a revenue growth forecast of “mid single digits”.