PLDT Braces for Telstra Entry, Keeps Core Net Income Guidance

The country’s leading telecommunications and digital services provider Philippine Long Distance Telephone Co. (PSE: TEL) is confident it will meet, if not exceed, its core net income guidance of PhP35 billion this year but is cautious for next year amid the possible entry of new player Telstra.

“In terms of core income, we affirm our guidance number at PhP35 billion… Based on the track record for the first three quarters, we are averaging about PhP9 billion so it is within scope we can achieve full-year guidance of PhP35 (billion), and we may exceed it slightly depending on how the final two months of this year pan out,” PLDT chairman Manuel V. Pangilinan said during a briefing yesterday.

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Source: The Philippine Star

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