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General

PLDT's Q1 revenues jump 9% boosted by data and broadband services

Thursday 7 May 2020 | 15:04 CET | News
Philippines operator PLDT saw its revenues increase by 9 percent to PHP 41.5 billion in the first quarter of 2020. Revenue growth was mainly boosted by data and broadband services, particularly on the operator's wireless network, which now account for 71 percent of total revenues. However, the company also reports that its outlook for the balance of 2020 has been affected by the COVID-19 pandemic, and the Enhanced Community Quarantine (ECQ) implemented on Luzon and later extended to other parts of the country, starting the second half of March 2020 until the middle of May.

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Categories: General
Companies: PLDT
Countries: Philippines
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