DUBLIN–(BUSINESS WIRE)–The “Philippines Telecoms Market Report – Telecoms, Mobile and Broadband – Statistics and Analyses” report has been added to ResearchAndMarkets.com’s offering.
MNOs in the Philippines expand 5G network reach
The major telcos in the Philippines saw a strong recovery in their financials in 2022, following a difficult though brief period of economic disruption during the pandemic. Globe Telecom reported a record high service revenue in 2022, supported by strong data revenue which accounted for 81% of the total. Mobile revenue was the second highest yet recorded by the company. Consolidated EBITDA increased 6% in the year, also reaching a record level. For its part, PLDT also had a very strong year in 2022, producing record revenue results. Revenue increased 4%, year-on-year, and EBITDA also increased 4%.
PLDT and Globe Telecom have maintained their dominance of the Philippines telecom market, despite having their duopoly status having been removed by the government in 2017. Two new entrants and DITO Telecommunity and NOW Telecom and have since become the third and fourth operators, but delays in their respective launch programs has resulted in them having only a minimal impact on market share. Nevertheless, DITO reported having 15 million subscribers at the end of 2022, showing strong growth since the launch of services.
The government remains keen, and committed, to seeing strong competition, growth, and service excellence in the telecom sector, so there is likely to be continued support (financially as well as through legislation such as enabling mobile tower sharing and number portability) to ensure that the sector remains viable for emerging players.
The mobile sector will remain the Philippines primary market for telecommunications well into the future. The unique terrain and resulting challenges associated with accessing remote parts of the archipelago means that in many areas fixed networks are neither cost-effective nor logistically viable. Both PLDT and Globe Telecom continue to roll out fixed networks in some urban areas where it remains feasible to do so (primarily to support fixed broadband or in Globe Telecom’s case fixed wireless services).
However, the bulk of telecoms investment over the coming years will continue to be in 5G and 5G-enabled LTE networks. Coverage of LTE and 5G networks extends to over 95% of the population, and for the vast majority of people mobile will likely remain their only platform for telecom services.
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For more information about this report visit https://www.researchandmarkets.com/r/jk7s0u
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