“The aggressive expansion allowed PLDT Home to pass more than half of the country’s estimated 25 million households as well as connect additional 1.13 million new Fibre subscribers—10% more than goal,” the release said.
PLDT Home’s service revenues from its Fibre business surged 91% year-on-year to PHP9.8 Billion in the fourth quarter despite the impact of Super Typhoon Odette. This drove full-year revenues of the Fibre business to grow 82% year-on-year, the company explained. Total Home service revenues for 2021 were at an all-time high of PHP47.8 Billion, up 24% from 2020.
“The pandemic has shown us how a strong and reliable home internet connection is essential to our everyday lives, it allows us to continue to work, study and connect with our loved ones while keeping us safe at home, and that is what is most important to us, helping make the lives of Filipino families better,” said Jeremiah de la Cruz, Senior Advisor of PLDT Home Business.
“The momentum we have generated last year underpins our expectations for even stronger results in 2022, especially as we complete our copper service migration by end 2022 and as customers continue to demand faster and more reliable Internet connectivity,” said Jeremiah, whose professional experience includes working in telecommunications companies in Australia and Indonesia.