PLDT unfazed by SMC-Telstra venture

posted September 13, 2015 at 10:10 pm
by  Darwin G. Amojelar

Philippine Long Distance Telephone Co. is unfazed by San Miguel Corp.’s move to team up with the largest telecommunication company in Australia.

PLDT chairman Manuel Pangilinan told reporters his company would not revise its business strategy despite the entry of Telstra Corp. in the Philippines through a partnership with San Miguel.

“We just have to deal with it when they come. It’s anticipated that San Miguel will do it wether with Telstra or another partner,” he said.

Pangilinan said PLDT’s strategy would depend on “how they [SMC and partner] behave to get market share.” At present, PLDT’s mobile phone market share in terms of subscribers stood at about 57 percent, while Globe Telecom has 43 percent.

Last month, Telstra confirmed it was in talks with San Miguel to invest in a wireless joint venture. Telstra chief executive Andy Penn earlier described Asia as a key part of his growth strategy.  The Australian firm spent $697 million last year to buy Pacnet Ltd. to gain access to its undersea cables connecting Asia and the Pacific.

COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by The Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with The Standard editorial standards, The Standard may not be held liable for any false information posted by readers in this comments section.