fbpx

PLDT (TEL) moves to defend market leadership from Dito Telecommunity, CNVRG

For the nine-month period ending September 30, 2020, PLDT (TEL) generated a total revenue of 133.2 Billion Pesos.  For 9M20 TEL managed to increase revenue by 8.8 Billion Pesos or 7% more than the revenue for the 9M19.  With the revenue growth, TEL is telling the market that it is the leading telco in theContinue reading “PLDT (TEL) moves to defend market leadership from Dito Telecommunity, CNVRG”

Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion

Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito), the third-telco, as an associate with a 25% ownership share. Chelsea Logistics is 70% owned by Udenna Corporation. On May 10, 2019, the Company subscribed to 40,833,333 common shares and 22,916,666 preferred voting shares or equivalent to 25% interest of Dito’s authorized capitalContinue reading “Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion”

First Pacific successfully redeemed US$251.9 Million bonds secured by a 12% interest in PLDT (TEL)

First Pacific Company Ltd. of Hong Kong owns 25.6% of PLDT (TEL) which in turn owns 100% of Smart Communications, Inc. First Pacific Company Ltd. has the famous Filipino executive, Manuel V. Pangilinan (MVP), as Managing Director and Chief Executive Officer. In September 2010, FPT Finance Limited issued a US$400,000,000 6.375% bonds due 2020 irrevocablyContinue reading “First Pacific successfully redeemed US$251.9 Million bonds secured by a 12% interest in PLDT (TEL)”

Time to take profit from TEL, follow the lead

On September 15, 2020 TEL shares traded on a volume of 278,935, well above its 65-day average volume of 172,186. Usual brokers of foreign investors in the likes of UBS, CLSA, and Credit Suisse took the lead in selling TEL that day. At the height of the March sell-down, TEL traded to a low ofContinue reading “Time to take profit from TEL, follow the lead”

PLDT (TEL) after shedding assets, buying Sky Cable from ABS?

Someone has said that in deal making, if you are a buyer pretend to be a seller and if you are a seller pretend to be a buyer. After Business World has reported that the Philippine Competition Commission (PCC) green-lit DMC Urban Property Developers, Inc.’s acquisition of Smart Towers, the Makati-based office building assets ofContinue reading “PLDT (TEL) after shedding assets, buying Sky Cable from ABS?”

PLDT (TEL) assets after Smart Towers that can be crystallized to help address the triple threat position it is facing

PLDT Inc. (TEL) is under heavy pressure to (1.) invest in fiber broadband and 5G wireless networks and (2.) still reduce leverage and (3.) distributes dividend to shareholders, the “triple threat position.“ No less that the President of the Philippines on its State of the Nation Address had called on TEL and Globe Telecom, Inc.Continue reading “PLDT (TEL) assets after Smart Towers that can be crystallized to help address the triple threat position it is facing”

PLDT (TEL) sells Smart Towers as it addresses triple threat

It was reported that DMC Urban Property Developers, Inc.’s acquisition of PLDT’s (TEL) Smart Towers office building and the land they are built on has been approved by the Philippine Competition Commission. The sale is amidst the threats TEL is facing. TEL is facing a triple threat – of elevated capital expenditure requirements, elevated debtContinue reading “PLDT (TEL) sells Smart Towers as it addresses triple threat”

PLDT (TEL) accumulating debt, future cash dividend in grave danger with duopoly gone

TEL has been gradually accumulating debt. As of June 30, 2020 (1H 2020) total long-term debt of TEL is at 199.7 Billion Pessos. That is a significant 28.2% increase from 155.8 Billion Pesos as of the end of December 31, 2018. It can be remembered that on October 2019 TEL initiated a consent solicitation fromContinue reading “PLDT (TEL) accumulating debt, future cash dividend in grave danger with duopoly gone”