November 25, 2017 | MANILA, PHILIPPINES

PLDT HOME gains more subscribers in Q1

PLDT HOME on Thursday said it registered double-digit growth in revenues in the first three months of the year, driven by a 32% increase in net gain in subscribers amid aggressive fiber rollout and affordable broadband plans.

In a statement, PLDT HOME said its subscriber base increased by 10%, “with net adds of 340,000 subscribers during the first quarter.”

Revenues from both voice and data rose 6% and 16%, respectively. PLDT Chairman and CEO Manuel V. Pangilinan noted the highest growth was seen in data services, as the company pushes for faster Internet connection.

PLDT continued to expand the reach of its fiber-powered fixed line network which boasts of delivering 1 gigabit per second (Gbps) Internet speed to Filipino homes. As of end March, PLDT’s fiber-to-the-home (FTTH) service has reached more than three million homes, on track to reach 4.4 million homes by year end.

Hastings Holdings, Inc. -- a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. -- has a stake in BusinessWorld through the Philippine Star Group, which it controls.