Company Profile For Philippine Long Distance Telephone Company

Philippine Long Distance Telephone Company (PLDT) is a diversified telecommunications company in the Philippines. Smart Communications, Inc. (Smart), PLDT's wholly owned subsidiary, is the cellular service provider in the country. The Company operates through three segments: Wireless, Fixed Line, and Information and Communications Technology (ICT). On June 4, 2008, PLDT acquired the fixed line assets of Pilipino Telephone Corporation (Piltel). On March 24, 2008, ePLDT, Inc. (ePLDT) acquired additional shares from Airborne Access Corporation (Airborne Access) thereby increasing its 51% ownership interest to 99.4%. On May 1, 2008, Smart Broadband, Inc. (SBI) acquired from ePLDT the 99.4% equity ownership in Airborne Access. On April 28, 2008, Smart acquired PH Communications Holdings Corporation (PHC) and Francom Holdings, Inc. (FHI), which collectively own 100% of Connectivity Unlimited Resources Enterprises.

BRIEF: For the nine months ended 30 September 2009, Philippine Long Distance Telephone Company's revenues increased 2% to PP109.97B. Net income increased 15% to PP29.67B. Revenues reflect an increase in income from Wireless segment, a rise in revenues from Fixed line segment and higher income from ICT Segment. Net income also reflects lower repair & maintenance expenses, a fall in taxes & licenses expenses and lower other expenses.

Philippine Long Distance Telephone Company
Ramon Cojuangco Building
Makati Avenue
Makati City     0721
P: +632.8168556
F: +632.8107138

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