PLDT Inc. might set higher funding for expanding its 5G network following year, while also expecting its ability to supply fixed wireless solutions to homes to grow significantly in a couple of years.
“We’re in the center of our budget planning for next year, and we will propose to the chairman further expansion of our 5G policy. Obviously, we will work with our network staff to make that happen,” Chief Revenue Officer Alfredo S. Panlilio said at a virtual briefing on Wednesday.
PLDT’s wireless arm Smart Communications, Inc. launched its 5G service in July.Mr. Panlilio added that PLDT is also rolling out more fiber lines and ports nationally in another three to six months since the telecommunications services firm intends to serve the “continuously rising need of more Filipinos for high-speed connectivity and broadband.”
PLDT declared its components separately, PLDT Enterprise and Smart, are in an advanced stage of conversation with the multinational firm, Nokia Corp., to provide Web of Things (IoT) services for its customers.
“Smart and Nokia intend to construct up the’Smart IoT Platform’ – the first of its kind for enterprises in the Philippines. This platform aims to help businesses easily deploy IoT services and solutions to manage their connected devices for expansion opportunities in the future,” PLDT said in an editorial announcement.
In the briefing, PLDT Chairman, President, and Chief Executive Officer Manuel V. Pangilinan said, “We believe that in about a couple of years, the capability to deliver fixed wireless services to the houses will increase significantly.”
He also added that PLDT focuses on fiber to the house, which we believe will still remain the ideal platform to deliver services such as entertainment, sports, video, and such. He projected that PLDT’s fixed wireless solutions would grow more important in servicing both the middle and the lower sections of the entire marketplace, which are roughly 25 million families.
PLDT and Smart had invested a P260 billion in total capital expenditures (CAPEX) within the last five decades. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, that it controls.