The home broadband arm of PLDT Inc. is looking to connect a million new fiber customers in 2022 with a ranking official “striving” to “overachieve” numbers beyond the target for the year.
During a media roundtable discussion, PLDT SVP and Head of Consumer Business Jeremiah Dela Cruz said the group is “on track” to meet its target of recording 1 million net adds to its fiber business this year.
“We’ve seen demand remain strong and when you look at market penetration sitting at 20 percent, there is a huge opportunity to connect up more and more families to our fiber network,” he said.
PLDT Home added 213,000 new fiber-to-the-home subscribers in the first three months of the year, pushing total fiber-to-the-home customers to a market-leading 2.6 million. The business vertical ended March with a total subscriber base of 3.1 million, including non-fiber broadband customers.
“Eight out 10 Home customers now access the internet through our extensive fiber network, which has passed 15.5 million homes. As of end-March, PLDT’s fixed broadband service covered 62 percent of the total cities and municipalities nationwide. More Filipinos will be connected to our fiber network as our rollout again gathers momentum after being slowed down by Typhoon Odette and the Omicron surge,” Dela Cruz said.
PLDT Home offers fiber broadband service in 72 of the Philippines’s 82 provinces and aims to reach five more before 2022 ends. If that goal is achieved, Home will be in 76 percent of all municipalities by the end of this year.
“Our goal this year is to positively impact the lives of 4 million more Filipino so they could continue to work, play and study better at home,” Dela Cruz said.
PLDT earlier this month raised its capital expenditure guidance to P85 billion from a range of P75 billion to P80 billion to support updated requirements for its home broadband and data center businesses.
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