Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Philippine Long Distance Telephone Co    TEL   PH7182521093

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Philippine Long Distance Telephone Co. : On the issue of Radio Frequencies:Globe is asking for special privileges - PLDT

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/25/2011 | 11:45am CEST

pressrelease

On the Issue of Radio Frequencies

Globe is asking for special privileges -- PLDT

With respect to recent statements of Globe Telecom urging government to “divest” PLDT of some of the radio frequencies currently assigned to it, we wish to reiterate the following points:

1. There is no legal or factual basis for compelling PLDT to return the frequencies assigned to it.

Under the law, operators can be divested of their frequencies if they (1) fail to use it, and (2) if they don’t pay the required fees. Neither situation applies to PLDT. The radio frequencies of PLDT and Smart are being fully utilized to provide cellular and wireless broadband service to its 48 million subscribers. PLDT and Smart pay the proper fees for the use of the assigned frequencies.

Moreover, of the three cellular operators, Smart has been the most efficient in using the radio frequencies assigned to it. As shown in the table below, Smart is able to serve 425,000 subscribers per mega hertz of frequency. The most inefficient has been Globe, only 316,000 per MHz.In short, Globe is asking the government to punish the most efficient operator and to reward the most inefficient.

2. Globe continues to repeat its self-serving and fallacious arguments that (1) PLDT has an

“excessive” number of frequencies; and (2) there must be a “fair sharing” of frequencies.

The “fair” way to look at this question is to consider the total number of frequencies in relation to the subscriber base of the operator. By that measure, the frequencies assigned to PLDT is far from being “excessive”.

The total number of frequencies assigned to PLDT is 112.5 MHz, 155 MHz if you include those of Digitel/Sun. Globe has a total of 90 MHz. That allocation is hardly anomalous considering that Smart alone has 45.6 million subscribers, versus 26.5 million of Globe (as of end-2010).

Globe’s assumption that it must be the recipient of the frequencies that it wants taken from PLDT is to, put it mildly, breathtaking. Globe wants the government to provide it with a gift – ill- gotten frequencies for free.

“To Globe, it appears that the only ‘fair’ arrangement is what gives them special privileges,”

said Ramon R. Isberto, PLDT spokesperson.

Page 1 of 2

“There are clearly defined processes and procedures for acquiring frequencies. They should join the rest of humanity and apply for them in the proper way,” he added.

ANALYSIS OF RADIO FREQUENCY ASSIGNMENTS

PLDT only

SUN only

SMART + SUN

GLOBE

Total

Frequency

112.5 MHz

42.5 MHz

155.0 MHz

90.0 MHz

245

Subscribers

(in Mns)

47.84

15.00

62.84

28.43

91.3

Subs per

MHz (x 1000)

425 K

353 K

405 K

316 K

border=1 cellpadding = "5">

As of June 30, 2011

XXX

About PLDT

PLDT is the leading telecommunications service provider in the Philippines. Through its three principal business groups –fixed line, wireless, and information and communications technology – PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.

Further information can be obtained by visiting the web at www.pldt.com.ph.

Contact person: Ramon R. IsbertoPLDT SpokespersonTel. No.: +63 2 5113101Fax No.: +63 2 5113100

Page 2 of 2

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PHILIPPINE LONG DISTANCE T
06/19 GLOBE TELECOM : Twitter, telcos join forces to dish out infotainment
06/16 PLDT : names new CEO next year
06/16 PLDT : broadband quiz champs
06/14 PLDT : broadband quiz champs
06/14 PLDT : eyes outsourcing of IT operations to IBM
06/14 PLDT : Experience speed along Edsa
06/14 PLDT : to downsize IT unit as part of fresh cost-cutting measures
06/14 PLDT : to save P7 B from manpower cuts
06/12 PLDT : sees improved H1 performance
06/11 PLDT : Smart boosts LTE, WiFi services along EDSA
More news
Sector news : Integrated Telecommunications Services - NEC
06/23DJTHE NEW STICKER SHOCK : Plunging Cellphone Bills -2-
06/23DJTHE NEW STICKER SHOCK : Plunging Cellphone Bills
06/21 Exclusive - Qatar sovereign fund moves stakes to government, may sell assets
06/21DJBT : Finance Director Simon Lowth Buys 10,536 Shares at GBP2.84 Each
06/20 U.S. banks, corporations establish principles for cyber risk ratings firms
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
2016 Midday Gainers /Losers
2016 PLDT Continues To Be A Strong Philippines/Emerging Market Play
2016 Philippine Long Distance +12.9% as it buys San Miguel assets
2016 TECHNOLOGY - TOP 5 GAINERS / LOSERS : 00 pm
2016 PLDT's (PHI) CEO Manny Pangilinan on Q1 2016 Results - Earnings Call Transcri..
Advertisement
Financials ( PHP)
Sales 2017 164 669 M
EBIT 2017 30 570 M
Net income 2017 21 618 M
Debt 2017 138 836 M
Yield 2017 3,69%
P/E ratio 2017 18,47
P/E ratio 2018 18,31
EV / Sales 2017 3,22x
EV / Sales 2018 3,08x
Capitalization 392 141 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 13
Average target price 1 635  PHP
Spread / Average Target -9,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Manuel Velez Pangilinan Chairman, President & Chief Executive Officer
Anabelle Lim-Chua Chief Financial Officer & Senior Vice President
Helen Yuchengco Dee Non-Executive Director
Pedro E. Roxas Independent Director
James L. Go Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PHILIPPINE LONG DISTAN..7 801
VERIZON COMMUNICATIONS-14.91%185 285
NIPPON TELEGRAPH AND T..10.85%102 431
DEUTSCHE TELEKOM2.08%87 179
TELEFONICA7.88%53 520
SINGAPORE TELECOMMUNIC..4.12%44 333
More Results