PLDT on track to reach 1M new fiber customers this year

PLDT is bullish about reaching one million new Fiber customers this year as is it already hit half of the number in the first six months.

PLDT targets to cover 66 percent of PH with fiber

PLDT nears covering 1M new fiber customers

In a statement, the group said it recorded 478,000 new Fiber-to-the-home (FTTH) customers in the January-June period amid PLDT's accelerated fiber installation efforts.

By yearend, PLDT Home hopes to cover 66 percent of the Philippines with fiber.

PLDT Chairman Manuel V. Pangilinan said the telco giant is committed to delivering better services, especially now when the pandemic forces Filipinos to rely heavily on digital services.

We must stay keenly focused on serving our customers, especially during this crisis—keeping families connected, entertained, and educated; enabling businesses to operate at home or in the office; ensuring healthcare delivery to those who need it—and simply being a source of strength amidst extraordinary adversity and affliction, Pangilinan was quoted as saying in the statement.

As it ramped up fiber installation capacity and copper migration, fiber revenues jumped by PHP 6 billion to PHP 14.1 billion in the first semester.

PLDT's total home business also grew by PHP 4.2 billion to PHP 22.7 billion.

We will continue to ramp up our capacity to install as demand remains high. We see the change in customer behavior due to the pandemic, and a lot of our mobile customers who are now staying at home are utilizing their fiber-line connectivity. I think this will be the case for most Filipinos as this crisis continues for the rest of the year and until vaccination has been fully implemented, said PLDT Inc. and Smart Communications President and CEO Alfredo S. Panlilio.

What do you guys think?