Philippine Telegraph & Telephone Corp. (PT&T) is confident that the company will thrive should the ongoing enhanced community quarantine (ECQ) persist longer than initially expected. PT&T president and CEO James Velasquez said he hopes the impact of the ECQ will be minimal, but demand from its...
Diversified telecommunications company PT&T Corp. said it expects to post a stronger growth this year amid the COVID-19 pandemic. “We’re confident that in this time of pandemic, telco and IT services sector will thrive, as demand remains strong and is steadily growing. This sector will also...
The net loss of listed telco PT&T Corp. widened in the first half due to the Covid-19 pandemic and the implementation of lockdowns to stop the spread of the disease. According to a stock exchange filing, PT&T registered a net loss of P26.57 million in the...
The pandemic lockdowns wrought havoc on PT&T Corporation’s micro, small and medium enterprise (SME/MSME) clients although the telco managed to boost revenues by seven percent to P221 Million in the first half of 2021 versus the same period last year as its subscriber base modestly...
Optimism that the vaccination program will soon pick up pace had fueled growth for listed Philippine Telegraph and Telephone Corp., a top executive said Sunday. “We enter 2021 with a golden opportunity to be better equipped as a digital services provider while building a roadmap for...
Philippine Telegraph and Telephone Corp. is seeing a steady growth this year despite the challenging economic environment. PT&T sustained a remarkable reduction in its net loss by 40 percent to P31.3 billion in 2020 versus P52.4 billion in 2019 mainly due to depreciation on account of...
MANILA, Philippines — Philippine Telegraph and Telephone Corp. (PT&T) is optimistic about sustaining its momentum this year after trimming its losses by 40 percent last year on the back of new IT services revenue stream and continuously growing fixed broadband business. PT&T cut its net loss...
Despite the challenges of the pandemic, Philippine Telegraph and Telephone Corp.(PT&T)’s subscriber base grew 15 percent in 2020, pushing its year-on-year revenue up eight percent to P408 million. PT&T also managed to cut down its losses by 40 percent, from P49.5 million in 2019 to P27.5...