PLDT eying acquisition of provincial telcos, paper says

29 Oct 2013

Filipino giant Philippine Long Distance Telephone Company (PLDT) is reportedly eying the possible acquisition of provincial telcos across the country, with the aim of in-filling in areas where it still has no active presence. GMA News quotes PLDT president Napoleon L Nazareno as saying that the company is assessing a number of options, noting: ‘I think we are looking at Mindanao but we are still open in parts of Luzon and Visayas.’

Nazareno’s comments follow last month’s move to sign a strategic agreement with Durano-led Dana Telecom (Datelco) covering the provision of telecoms services in Danao City, Cebu. Under the deal, PLDT agreed to take over Datelco customers, as the Danao-based company was already winding down its local exchange carrier (LEC) business, and for the joint marketing and promotion of PLDT products and services in Cebu. Prior to that, the Filipino heavyweight assumed control of two other regional operators – Central Luzon based SubicTel and Clarktel – as well as Mindanao-based telcos Maranao Telecoms, CruzTelco Cluster 3, and Philcom.

PLDT will likely have a number of opportunities given that, according to the Philippine Association of Private Telephone Companies (Paptelco), it has a membership of some 48 private telephone companies across the Philippines.

Philippines, PLDT Inc. (incl. Smart Communications and Sun Cellular)