PLDT likely to see growth this year

New Straits Times - - Business World -

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.

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