How much did PLDT & Globe make from subs in 2013?

Back in March, both Globe and PLDT submitted a report to the SEC regarding the financial state of their respective companies. We reviewed the SEC filing, investor reports and disclosure documents to see how much they made from their subscribers.

The numbers will help us understand how the telcos treat their customers thru investments and infrastructures and balance those with their fiscal responsibilities to their shareholders.

The numbers below are staggering and both revenues by Globe and PLDT are still growing year-on-year.


Some figures were not readily available in the documents.

One very obvious observation we derived from the investor reports is that the revenues from data services are increasing, even surpassing their fixed line revenues.

The row on Mobile Internet represents mobile data from subscribers (Unlisurf, Supersurf, etc.) while Wireless Broadband represents revenue from services like SmartBro.

The numbers presented for PLDT includes the mother company PLDT and subsidiaries Smart and Sun Cellular as well as other BPO companies operating under it.

For Globe, it also includes subsidiaries Innove, GXI and EGG.

Globe spent around Php7 billion to kick-start the network modernization program, including a Php1 billion investment in international cable systems.

Globe has over 2 million broadband subscribers while PLDT has about 2.4 million. The PLDT group has a combined 3.4 million postpaid (inclusive of 1.5 million from Sun Cellular) subscribers compared to 2.03 million with Globe.

PLDT estimates a loss of about Php900 Million because of Typhoon Yolanda (Haiyan).

PLDT announced a dividend of Php179 per share (both ordinary and special) to its stockholders. Globe declared a dividend of Php37.50 per common share.

* Core income strips out nonrecurring charges, foreign exchange and mark-to-market gains and losses.

* Net income is final income after taxes.

{sources: 2013 SEC filings, 2013 Investor Report, Disclosures from Globe & PLDT)

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