Phil Long Distance Telephone Co.

Philippine Long Distance Telephone Company (TEL) was incorporated on November 28, 1928 following the merger of four telephone companies under US ownership, namely, Philippine Telephone and Telegraph Company, Cebu Telephone and Telegraph Company, Panay Telephone and Telegraph Company, and Negros Telephone and Telegraph Company. In 1967, effective control of TEL was sold by General Telephone and Electronics Corporation to a group of Filipino businessmen.

TEL is a telecommunications service provider in the Philippines. Through its three principal business groups - wireless, fixed line, and information and communications technology - TEL offers a wide and diversified range of telecommunications services across the Philippines' most extensive fiber optic backbone and wireless, fixed line and satellite networks. TEL's subsidiaries and affiliates include Smart Communications, Inc., Mabuhay Satellite, ACeS Philippines, ClarkTel, MaraTel, Subic Tel, SNMI, BCC, PLDT Global, PhilCom, all are telecommunication service providers, and ePLDT, an integrated information and communications technology provider.

Source: SEC Form 17-A (2009)

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Aquino presses for investigation of PLDT-Digitel merger

MANILA, Philippines—President Benigno Aquino has ordered the Department of Science and Technology and the National Telecommunications Commission to look into any undue advantage a merged Philippine Long Distance Co. and Digitel may have over other players in the telecom industry.

Saying that limited competition would result in a near-monopoly in the telecom sector, the President noted that monopolies were inherently inefficient and asserted that his administration would look after the interests of the public, phone subscribers in particular in this case.

“There are complaints from other players in the telecom sector. There are many technical aspects so I have asked the NTC and DOST to look into the allegations,” Aquino said on his arrival from Thailand Friday night.

“The portion that I remember has to deal with the allocated frequencies being adjacent to each other providing an undue advantage. It seems that costs will be so severely cut by this purported merger that nobody else would be able to compete,” he added.

The President said he had received a document “half an inch thick” that detailed the observations and complaints of the other stakeholders in the telecom industry.

“I am waiting for the NTC and DOST to come up with their findings on whether or not it will limit competition,” Aquino said.
Gov’t agencies complete review of PLDT-Digitel mega deal

A REGULATOR’S evaluation of Philippine Long Distance Telephone Co.’s (PLDT) acquisition of rival Digital Telecommunications Philippines, Inc.

(Digitel) has been completed and will be presented to President Benigno S.C. Aquino III and his economic team next week, a Cabinet official yesterday said.

“It’s done, [but] it’s up for discussion with the President,” Technology Secretary Mario G. Montejo said in Filipino in a telephone interview yesterday, referring to the report prepared by his department and the National Telecommunications Commission (NTC).

“It’s not an approval per se, but more of maintaining a level playing field...and [whether] there is a monopoly,” Mr. Montejo said, declining to elaborate.

The meeting was supposed to be [on May 30] but we moved it to June 8,” he added.

Globe has since been lobbying nationwide for support against the merger.

The President will be evaluating the issue in a non-partisan manner, Presidential Communications Development and Strategic Planning Office Secretary Ricky A. Carandang, for his part, said.

“The concerns of the President would be: number one, are we creating a situation that hampers fair competition in the industry, [and] number two, what impact will that have on consumers,” said Mr. Carandang.

“Those are the criteria that we’re using to evaluate,” he said.

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Down big yesterday, now up today. are the caymans selling?

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If there's one more gift I ask of you Lord, it will be Peace... Here on Earth.
God is great... all the time
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Thanks for the info FAFA SPY..

pa kiss nga...
babols lang pala yung hinahawakan mo dun sa pic mo fafingcha.
muah pare saka wink pa.
If there's one more gift I ask of you Lord, it will be Peace... Here on Earth.
God is great... all the time
[Image: spyfratlogo.png]
^^ lang kasi bos master idol hahaha ...kiss papa charles mwah mwah Tongue

...was TEL significant in today's trade?

PLDT eyes completion of BPL test this year

PHILIPPINE Long Distance Telephone Co. said it expects to complete the testing of its broadband over power line service within the year.

Manuel Pangilinan, chairman of PLDT told reporters that the planned BPL service is still being tested in certain parts of Metro Manila, particularly in Malabon and in two or three multi-dweller units in Makati, including its building.

“So, the next step is to test further in residential setting, in a residential subdivision. Let’s say up to a thousand homes,” Pangilinan said.

The country’s largest telecom company had aimed to offer BPL to the 4.5 million customers of Manila Electric Co.

BPL is one of the potential business synergies that PLDT and Meralco are exploring. This involves tapping Meralco’s poles and fiber optic network to provide Internet connectivity directly to households.

By piggybacking on Meralco’s existing infrastructure, PLDT would save about P8 billion in capital outlay needed to set up its own poles, excluding rights of way and maintenance.

This partnership is a result of the PLDT Group’s acquisition of a majority stake in the country’s biggest electricity distributor.

PLDT shares fell to P2,298 apiece on Monday from P2,300 on Friday.
Shareholders approve PLDT buyout of Digitel

THE shareholders of Philippine Long Distance Telephone Co. on Tuesday approved the mutibillion-peso acquisition of the operator of Sun Cellular.

During the company’s stockholders meeting, Manuel Pangilinan, PLDT chairman said more than two-thirds of common shareholders approved the purchase of 51.5 percent of Digital Telecommunications Phils Inc. for P69.2 billion.

A total of 115.167 million common shares were entitled to vote for the PLDT-Digitel deal.

While 462,664 shares voted against the Digitel acquisition, 901,979 shares abstained.

PLDT also plans to make a tender offer for the remaining minority shareholders of Digitel which cost them about P1.60 per share or P4.9 billion.

Pangilinan expects the National Telecommunications Commission, Philippine Stock Exhcange and Securities and Exchange Commission to approve the PLDT-Digitel transaction on June 30.

“We are still aiming for it… its beyond our hands. The NTC hearing is set sometime next week. So, lets take it from there. After that hearing, we will get a better idea of whether we can close by end of June,” he said.

Pangilinan encouraged government to adhere to the principle of protecting consumers, rather than market rivals.

“Industry competition from present and future players will not vanish or diminish for so long as these two competition principles are sustained by regulators,” he said.

Pangilinan said PLDT’s investment in Digitel will benefit the subscribers of Sun Cellular as they will enjoy and experience expanded 3G and broadband coverage as well as enhanced network capacity resulting from optimized use of both its networks.

“The combined networks will result in accelerated rollout of new technologies such as 4G or long term evolution. Sun subscribers will share in the benefits of 4G/LTE earlier than planned,” he said.

He said PLDT is committed to providing mobile broadband services to 95 percent of the country’s geographic areas in three years.

“Given the preference of certain segments of the market for unlimited services, PLDT can bring the benefits of Sun Cellular’s market and operational leadership in unlimited services to Smart’s subscriber base,” Pangilinan said.

Rivals Globe Telecom, Eastern Telecommunications Philippines Inc., Sealand Telecommunications Inc. and consumer groups TXTPower and TXTMate have opposed the PLDT-Digitel deal because of the negative repercussions on industry competition and consumer interest.

State-run Philippine Institute for Development Studies earlier said that the PLDT-Digitel deal may affect competition because of high entry barriers and the absence of effective competition.

Moody’s hikes 3 firms’ debt scores

DEBT WATCHER Moody’s Investors Service has upgraded credit ratings of state-run National Power Corp. (Napocor) and the Power Sector Assets and Liabilities Management Corp. (PSALM) following a similar adjustment made to the Philippines’ score.

The credit rating of Philippine Long Distance Telephone Co. (PLDT) was also upgraded.

PLDT similarly enjoyed a credit score upgrade.

Moody’s Investors Service has today upgraded the foreign currency bond rating of PLDT to Baa3 from Ba1. At the same time the local currency issuer rating has been affirmed at Baa2,” the statement read.


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