Broadband to Lift PLDT

PLDT of the Philippines expects its service revenues to grow by 3% in 2010 to 150 billion Philippine pesos (3.26 billion US dollars), thanks to "strong growth in broadband, corporate and SME business for the fixed line, and improvements in the BPO business." Service revenues grew 2% in 2009.

However, it warned that cellular growth will be limited by 80% market penetration, the multiple-SIM phenomenon, increasing subscriber preference for unlimited offers and bucket plans, together with competition from social networking/broadband.

PLDT expects its capex for 2010 to be 28.6 billion Philippine pesos, 600 million pesos higher than 2009 as part of a continuing investment in its network to support take-up of broadband and higher voice usage, on top of maintenance capex. source: PLDT presentation