| Company type | Public |
|---|---|
| PSE: PTT | |
| Founded | November 14, 1962 |
Key people |
|
| Products |
|
-₱22.79 million  (2021) | |
| ASN | |
| Website | https://www.ptt.com.ph |
The Philippine Telegraph and Telephone Corporation (PT&T) is a telecommunications services provider in the Philippines since its establishment in 1962. The company caters to corporate, small/medium business, and residential segments across the country. PT&T's business is categorized into two major services: Connectivity and IT Services.
PT&T was incorporated on October 16, 1962, and subsequently registered with the Philippine Securities and Exchange Commission on November 14, 1962, under the laws of the Philippines. [1]
PT&T was granted a 25-year national legislative franchise on June 20, 1964, under Republic Act (“RA”) No. 4161, as amended by RA Nos. 5048 and 6970. On July 21, 2016, under RA No. 10894, the company was granted an extension of its franchise for another 25 years. [2]
PT&T was listed on January 10, 1990, for the trading of its common shares but requested voluntary suspension of trading effective December 13, 2004. [3]
It was a major competitor of PLDT in the 1990s prior to the 1997 Asian financial crisis.
In 2017, a consortium led by businessmen Lucio Tan, Jr., Salvador Zamora II, and Benjamin Bitanga acquired a majority stake of 70% in the ownership of PT&T from its previous owner Republic Telecommunication Holdings. The acquisition price was not disclosed. [1]
In November 2017, the company announced that it entered negotiations with China Telecom and Datang Telecom Technology regarding plans to form a consortium for its bid. [4] In 2018, PT&T bid to become the country's third telecommunications provider. PT&T was disqualified, thus the winner of the bid were the Mislatel consortium (which became Dito Telecommunity). The National Telecommunications Commission (NTC) said that PT&T failed to meet the technical requirements it set for bidders. [5]
| Major Shareholder | % of Total | Common Shares |
|---|---|---|
| Menlo Capital Corporation | 37.33% | 559,999,998 |
| Telectronic Systems, Inc. (TSI) | 20.00% | 300,000,241 |
| Republic Telecommunications Holdings, Inc. (RETELCOM) | 18.59% | 278,873,526 |
| TIMCO Holdings, Inc. | 8.08% | 121,126,474 |
| Public | 15.99% | 239,992,753 |
Telecommunications in the Philippines are well-developed due to the presence of modern infrastructure facilities. The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act No. 7925. This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates, leading to the creation of many telecommunication service providers for mobile, fixed-line, Internet and other services.
China Telecommunications Corporation, known as its trading name China Telecom, is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. It has three listed companies: China Telecom Corporation Limited, China Communications Services Corporation Limited and Besttone Holding Co., Ltd..
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.
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Internet in the Philippines first became available on March 29, 1994, 10:18 a.m., with the Philippine Network Foundation (PHNet) connecting the country and its people to Sprint in the United States via a 64 kbit/s link. As of February 2023, there are 85.16 million internet users in the country, where internet penetration stood at 73.1% of the total population.
Digital terrestrial television in the Philippines began in 2015 with the implementation of ISDB-T, currently coexisting with analog television that operates on the NTSC standard after the set analog switch-off (ASO) deadline encountered multiple postponements.
Dream Satellite TV was the first all-digital Direct-To-Home (DTH) television broadcasting service via satellite in the Philippines. Broadcasting from the Dream Broadcast Center located at the Clark Special Economic Zone in Pampanga. Content is received from program providers, compressed and broadcast via Koreasat 5 in DVB-S and NTSC color format exclusively to its subscribers using the Integrated Receiver-Decoder and the Conax/Nagravision 3 Encryption System.
Sky Cable Corporation, doing business as Sky, is a Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN Corporation, the company offers broadband, cable and satellite television services under the Sky Cable and Sky Direct brands. The company was founded on June 6, 1990 by Benpres Holdings Corporation as Central CATV, Inc.
ABS-CBN Convergence, Inc. is the communications subsidiary of the media conglomerate ABS-CBN. It operates a wireless mobile phone service ABS-CBN Mobile, which was launched on November 16, 2013, and digital terrestrial television service ABS-CBN TV Plus, launched on February 11, 2015.
ABS-CBN Mobile was a cellular telephony service provider in the Philippines owned and operated by ABS-CBN Convergence, a subsidiary of ABS-CBN. ABS-CBNmobile formerly uses the network infrastructures of Globe Telecom under a network-sharing agreement which allows ABS-CBN and Globe to share frequencies, switches, servers, and transmitters. ABS-CBNmobile formerly offers prepaid and postpaid SMS, voice, data, wireless landline connection, and access to premium and exclusive contents of iWant TV.
A bidding was held in November 2018 to determine the prospective third major telecommunications service provider in the Philippines which is meant by the Philippine government to compete with the existing duopoly of PLDT, Inc.–Smart Communications and Globe Telecom.
DITO Telecommunity Corporation, formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of DITO CME Holdings Corporation, a subsidiary of the Udenna Corporation which is owned by Davao businessman Dennis Uy, and China Telecommunications Corporation, a state-owned enterprise of the government of mainland China and a parent company of China Telecom.
The renewal of the congressional franchise of the Philippine media network ABS-CBN to continue broadcasting was a dispute between the administration of President Rodrigo Duterte and the media conglomerate arising on the terms and conditions of the franchise renewal agreement. Amid the controversy, the Congress of the Philippines, country's legislature, was unable to renew the franchise before its expiration date. The congressional franchise expired on May 4, 2020, as the Philippines was dealing with the effects of the COVID-19 pandemic and the enhanced community quarantine in Luzon. The next day, exercising constitutional powers, the National Telecommunications Commission (NTC) then issued a cease-and-desist order demanding ABS-CBN to cease all of its free TV and radio broadcasting immediately. ABS-CBN complied with the government order and shut down all of its radio stations and free television channels later that day. On June 30, 2020, the NTC released two alias cease-and-desist orders against ABS-CBN TV Plus and Sky Direct.
Now Telecom Company, Inc. is a telecommunications firm based in the Philippines. The company provides broadband and fiber-optic communication services to upper-class residential and commercial areas in Metro Manila under the Now Fiber Air brand. The firm, along with Now Corporation and News and Entertainment Network Corporation (NEWSNET), formed the unified Now Network service.
Eastern Telecommunications Philippines, Inc. (ETPI), doing business as Eastern Communications, is the first telecommunications company in the Philippines under Vega Telecom. Founded in 1878 during the final years of the Spanish colonial era, it was the first company to provide telegraphic services.
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LCS Group of Companies, also known as LCS Holdings Inc., is a Philippine conglomerate. The LCS Group is founded by Filipino politician Luis Crisologo Singson who serves as its chairman.
Gamaliel Asis Cordoba is a Filipino lawyer who was the longest-serving Commissioner of the National Telecommunications Commission (NTC) from 2009 until 2022. He is currently the Chairperson of the Commission on Audit (COA) replacing former Solicitor General Jose Calida. His appointment was confirmed by the Commission on Appointments (CA) on November 29, 2022.
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1 Joint venture •2 Defunct |
