New management has big plans for PT&T
The group led by businessmen Salvador Zamora II and Benjamin Bitanga wants Philippine Telegraph & Telephone Corp. (PT&T) to become the country’s third player in the telecommunications industry.
Menlo Capital Corp., a private holding firm that acquired 70 percent of PT&T, is hoping to make its presence felt in the lucrative broadband market.
Newly-elected COO Miguel Bitanga said in an interview with the Inquirer that PT&T’s near term plans include expanding its broadband network and customer base.
He said the entry of a new player would encourage telcos to offer better services.
“Everyone knows there is room for a new player, there is room for improvement [in telecommunications],” Bitanga said.
Bitanga said the group was open to partnering with local and foreign groups to grow grow PT&T’s business.
Trading in shares of PT&T is expected to resume with the entry of a new investor group which is keen on making the company a significant player in the broadband market.
In the 1980’s, PT&T had become the dominant message and data carrier throughout the country. It was one of the first Philippine carriers to build a national digital voice and data backbone, making a transition to new digital systems well ahead of its competitors.
Today, PT&T operates a new 10+ Gbps broadband network across the National Capital Region and regions 3 and 4.
The company offers dedicated or shared internet access service via fiber or wireless, with speeds ranging up to 1 Gbps to the end user.