PLDT likely to see growth this year
PLDT Inc yesterday said recurring income would likely grow for the first time in three years, recovering from a price war and shift to mobile Internet services that have eroded revenue from calls and texts. PLDT and rival Globe Telecom Inc last year raised the ire of President Rodrigo Duterte, who accused them of failing to improve services. PLDT, part-owned by NTT DoCoMo Inc and First Pacific Co Ltd, said recurring core income was likely to reach 21.5 billion pesos
(RM1.9 billion) this year.