sector: Telecommunications Services ·
industry: Wireless Telecommunications Services ·
As of
26 Nov 2009
7.70PHP
Pilipino Telephone Corporation (Piltel) is a Philippines-based company. The Company is a provider of digital prepaid cellular service, using the global system for mobile communications (GSM) platform of Smart Communications, Inc. (Smart), under the Talk ‘N Text brand. Piltel provided fixed line telecommunications services until June 2008. Piltel was 92.5% owned by Smart as at December 31, 2008. The Company’s wholly owned subsidiaries include Telecommunications Service Provider, Inc., Piltel International Holdings Corp. and Piltel (Cayman) Ltd. As at December 31, 2008, Piltel had 14,308,493 Talk ‘N Text subscribers.
BRIEF: For the nine months ended 30 September 2009, Pilipino Telephone Corporation's revenues totaled PP361 .3M. Net income from continuing operations totaled PP2.82B. Revenues reflect the presence of equity share in Meralco net income. Net income also reflects an increase in interest income, the presence of gain on derivative financial instrument and a decrease in provision for income tax.
Pilipino Telephone Corporation
25th Smart Tower
6799 Ayala Avenue
Makati City 1200
P: +632.5116121
F: +632.8176888