Connect with us

Hi, what are you looking for?

Economy

Smart to build 2,000 cell sites next year

Smart Communications, Inc., the wireless subsidiary of PLDT, Inc., said it targets to put up 2,000 new cell sites next year to support its network expansion.

In a statement Friday, the telco operator said it is ramping up its tower build-out to reach areas that have been affected by the recent typhoons Rolly and Ulysses.

It will be building new cell sites in Metro Manila, Albay, Aurora, Batangas, Bulacan, Cagayan, Camarines Sur, Cavite, Isabela, Laguna, Masbate, Quezon, Rizal and Sorsogon.

“Our accelerated network expansion efforts will help us reach even the unserved and underserved areas in the country,” PLDT Chief Revenue Officer and Smart President and CEO Alfredo S. Panlilio said in the statement.

The company has already obtained nearly 1,500 permits to build its pipeline of cell sites across the identified areas. Other places covered are Abra, Benguet, Ilocos Sur, Mountain Province, Nueva Ecija, Palawan, Pampanga, Pangasinan, Tarlac, Zambales, Aklan, Antique, Bohol, Cebu, Iloilo, Leyte, Negros Occidental, Northern Samar, Southern Leyte, Agusan del Norte, Agusan del Sur, North Cotabato, Davao del Sur, Davao Oriental, Lanao Del Norte, Lanao del Sur, Maguindanao, Misamis Oriental, South Cotabato, Sultan Kudarat, Zamboanga Sibugay and Zamboanga del Norte.

Smart said it has also engaged six tower companies to build an initial 180 to 200 common towers. These will be shared with other telco operators, in line with the common tower policy of the government.

The PLDT Group has allocated P432 billion in capital investments from 2011 through September this year, which has expanded the reach of Smart’s mobile networks to 96% of the Philippine population. Capital expenditures for 2020 are expected to reach P70 billion by yearend.

In the first three quarters of the year, PLDT generated an attributable net income of P19.69 billion, 23% higher than last year. PLDT shares at the stock exchange added P7 or 0.51% to P1,377 each on Friday.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Denise A. Valdez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Keisha B. Ta-asan, Reporter PHILIPPINE BANKS will continue to see improved profits this year, supported by better margins following the central bank’s rate...

Economy

THE PHILIPPINE government’s move to grant value-added tax (VAT) refunds for foreign tourists is expected to boost the tourism industry’s recovery from the coronavirus...

Economy

By Luisa Maria Jacinta C. Jocson, Reporter THE GOVERNMENT should diversify its major growth drivers to rely less on consumption as household spending is...

Economy

By Arjay L. Balinbin, Senior Reporter SMEC Philippines, Inc., a unit of Singaporean infrastructure and urban development consultancy company Surbana Jurong Group, said it...

Economy

THE Securities and Exchange Commission (SEC) warned the public against putting money in three entities, which are soliciting investments without first securing a license....

Economy

DMCI Holdings, Inc. and Union Bank of the Philippines are seen to improve their liquidity and stock valuation after their re-entry to the Philippine...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.