Philippine Long Distance Telephone Company - Research Paper
The Philippine Long Distance Telephone Company (PLDT) was started in the Philippines on November 28, 1928. The Philippines Legislature granted PLDT the franchise to establish and be able to operate telephone services, following the merger of 4 telephone companies under a common US ownership.
It was in 1967 when General Telephone and Electronic Corporation sold PLDT to a group of Filipino businessmen. The Philippine government’s intention to integrate the Philippine telecommunications industry made way for PLDT to purchase the Republic Telephone Company in 1981.
Now, PLDT is the leader in providing telecommunication services in the country. The company’s business can be divided into three main business areas: fixed line, wireless, and information and communication technology.
The fixed line business provides local calls, national and international long distance services, which operates around 2.1 million access lines. The wireless segment provides cellular, satellite, and VSAT services. PLDT provides cellular services through SMART, while Piltel is a reseller of Start’s digital GSM capacity under its own branding and pricing strategy for both voice and text messaging services.
The information and communication technology provides solutions for internet applications and multimedia content delivery, with use of internet protocol-based solutions. The internet access are provided by Infocom ' a subsidiary of ePLDT. And other investees of ePLDT provide e-commerce, call centers, and other IT-related services.
Common shares of PLDT are listed and traded on the Philippine Stock Exchange (PSE). These are also listed and traded on the American Stock Exchan ...