MANILA, 01 May 2013 – Digital Telecommunications Philippines (Digitel) said that there was no contractualization as alleged by some quarters when the company decided to implement a redundancy program following the migration of its landline subscribers to parent firm PLDT.
MANILA, Philippines, 30th April 2013 – Philippine Long Distance Telephone Company (“PLDT”) (PSE: TEL) (NYSE: PHI) announced today that it completed the sale of the Business Process Outsourcing (“BPO”) businesses owned by its wholly owned subsidiary – SPi Global Holdings, Inc. (“SPi”) – to Asia Outsourcing Gamma Limited (“AOGL”), a company controlled by CVC Capital Partners (“CVC”).
Net proceeds from the sale are in excess of US$300 million.
MANILA, 29 April 2013 -- The migration of the landline subscribers of Digital Telecommunications Philippines (Digitel) to its parent company PLDT is being undertaken in order to ensure that Digitel subscribers will continue to be served and with better quality and wider range of services.
Digital Telecommunications Philippines (Digitel) has been complying with the order of the Supreme Court (SC) and Department of Labor and Employment (DOLE) on the treatment of 13 employees who were dismissed in 2005.
Digitel Spokesperson Reuben Pangan noted that in fact, more than half of the 13 former Digitel employees who have sought intervention on their concern have accepted their separation pay as ordered by the high court.
MANILA, Philippines, April 23, 2013 – Earlier today, Manuel V. Pangilinan, Managing Director of First Pacific Company Limited (“FPC”) (HKEx: 142) and Chairman of Philippine Long Distance Telephone Company (PLDT) (PSE: TEL) announced the appointment of Ray C. Espinosa as Associate Director of FPC and his new assignment as the Group’s Head of Government and Regulatory Affairs and Head of the Communications Bureau, both in the Philippines. Mr. Espinosa will also assist the First Pacific Group in respect of new investments in the Philippines and in the region.
MANILA, 15 April 2013 -- Digital Telecommunications Philippines, Inc. (Digitel) has completed its redundancy program with about 80% of the 427 affected employees accepting the enhanced redundancy package offered by the company.
MANILA, Philippines, April 1, 2013 - Leading telecommunications firm PLDT is rapidly expanding its fiber-to-the-home network, bringing ultra-fast broadband connection to over 300 residential subdivisions all over the country.
“The fiber-to-the-home (FTTH) broadband connection enables PLDT to offer customers triple play services that provide not just access for voice and data but also allow seamless streaming of high quality video,” said PLDT EVP and Head of Home Ariel Fermin.
MANILA, Philippines, April 1, 2013 - FITCH Ratings has upgraded over the Easter weekend the credit ratings for leading telecoms firm PLDT following the upgrade in the Philippine sovereign ratings to investment grade and in view of the company’s solid credit profile.
PLDT’s long-term foreign currency issuer default rating and senior unsecured rating were raised to ‘BBB’ from ‘BBB-’ with a stable outlook. PLDT’s long-term local currency issuer default rating and national long-term rating were also affirmed at ‘A-’ and ‘AAA(phl)’, respectively.
MANILA, 15 March 2013 -- Digital Telecommunications Philippines, Inc. (Digitel) has completed the redundancy program for its remaining employees affected by its decision to migrate landline subscribers to PLDT.
"Digitel has had to conduct this redundancy program following the decision to migrate subscribers in its franchise areas in northern, central, and southern Luzon to PLDT. Every effort, however, has been exerted to cushion the impact of this move on the affected employees,” PLDT Group Spokesperson Ramon Isberto said.
MANILA, Philippines, March 11, 2013 - Leading telecoms carrier PLDT is rolling out this year over 5,000 kilometers of new fiber optic cable (FOC) facilities at the cost of about P2.5 billion. This would extend the total reach of its fiber network to almost 60,000 kilometers, about five times more than the competition.
“With this expansion program, we are bolstering our already formidable fiber advantage. Fiber is key to having the capacity to deliver next-generation, large-bandwidth data services,” said PLDT and Smart President and CEO Napoleon L. Nazareno.