PT&T sees revenues breaching P500M under Zamora helm
The new management that took over Philippine Telegraph and Telephone Corp. expects revenues from the broadband business to reach more than P500 million as it seeks to boost its client base to 3,000.
In a regulatory filing, PT&T said Greendot, a shared line broadband service with speeds up to 300 mbps, woud help fuel revenue growth beyond the P500 million mark.
Greendot, which accounts for less than 10 percent of PT&T’s business, targets SMEs and residential users who do not require dedicated internet connections.
PT&T’s new owners are focused on increasing the number of enterprise clients across key business districts within Metro Manila where PT&T already has key network infrastructure and last mile capabilities present.
The new controlling shareholders have crafted a long-term plan to revive PT&T as a major player in the fixed broadbamd business.
To meet its goal, the company shall increase its sales and customer service personnel.
PT&T became one of the first carriers to deploy an all IP broadband infrastructure in the country, bringing decades of market experience.
Key product offerings to these enterprise accounts include leased broadband lines with speeds up to 1 Gbps and point-to-point connectivity for private networks with or without internet.
Among its clients are NBI, Novotel, Malayan Bank, Asia United Bank and Splash.
“n the two years to follow, an expected earnings surplus can now be used to expand its fiber backbone into several key cities in Luzon and Visayas, as well as to increase the service footprint in the residential market,” PT&T said.