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PLDT fiber business records unprecedented growth in 2021

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Despite stricter alert levels imposed last year, PLDT reported unprecedented growth for its fiber business, nearly doubling its revenue growth at 82% or Php 14.9 billion to Php 33 billion year-on-year, with net adds of 1.13 million new fiber subscribers in 2021 alone.

Introducing affordable and faster fiber-speed plans and its expansive rollout of fiber-to-the-home facilities to more regions and islands, PLDT remains the preferred choice among households, enabling work and school-from-home setups, and the reliable partner among businesses for their remote operations.

“2021 proved to be a record-breaking year for PLDT as we delivered all-time highs across the board despite the challenges brought about by the pandemic, calamities, and hyper competition,” said Alfredo S. Panlilio, PLDT and Smart President and CEO.

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Exceeding the original target for 2021 of a million new fiber subscribers, PLDT’s total fixed broadband customers are now nearly 3 million, a record high for the group, as it continues to average over 107,000 monthly installations at the end of the year. In 2022, the Home team aims to target deeper penetration in Luzon and continue its rollout in new areas for growth in Visayas and Mindanao.

PLDT officials are optimistic about its Home business as it will likely further grow its revenues at an accelerated pace as it adds more fiber customers, and as the market remains underpenetrated at approximately 20%, compared with up to 50% penetration in the Asian region.

Also Read: PLDT Home aims to connect more Luzon, expand in VisMin areas

PLDT Home currently holds the record of being the fastest broadband network in the Philippines for the 4th consecutive year based on the Ookla Speedtest Awards Q3-Q4 2021. In the recent Ookla report, PLDT showed top download speeds of 203.97 Mbps and top upload speeds of 217.07 Mbps – or a Speed Score of 77.24.

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