Newly published market report: Philippines Telecommunications Report Q1 2010

PRLog (Press Release) - Dec 13, 2009 -
This quarter's report on the Philippines telecommunications industry includes greater coverage of the fixed-line, internet and broadband sectors. The broadband market has witnessed the highest number of developments during the early part of 2009, as it remains the only sector to provide real opportunities for further growth. At the end of 2008, we estimate there were around 1.5mn broadband subscribers, representing a penetration rate of 2%. Underlying annual growth rates of 58%, compared to the internet market, which was up by 48%, suggest that broadband is developing rapidly. Indeed, investments in broadband have been aggressively pursued by Globe Telecom, the Philippines' second largest telecoms operator. In March 2009, Globe Telecom unveiled its second landing platform, the Tata Global Network-Intra Asia (TGN-IA), which cost US$90mn and makes up part of the pan-Asian cable communications system. In the same month, the operator announced that it had also launched WiMAX services at a cost of PHP795 per month, offering speeds of up to 512Kbps. Further reports from other internet service providers (ISPs) also came forward in March. Cableco Global Destiny, the country's third largest cable TV operator, announced that it would invest around PHP700mn to upgrade its digital platform, and that it would look to build a seamless state-of-the-art broadband network to serve the growing needs for access to information. This would complement its existing portfolio of cable TV and telephony services. PacNet, the global ISP, reported that it would invest up to US$15mn per year in upgrading its submarine cable network to meet the increasing demand of the country's business process outsourcing (BPO) industry, raising internet bandwidths. BPO may come to be heavily relied upon by the government in the development of the Philippines' economy, which has begun to suffer as a consequence of its reliance on remittances. With a significant proportion coming from the US, itself predicted to see its economy contract by 2.3% in 2009, according to BMI forecasts, this will see remittances start to dry up. In view of this, ISPs like PacNet, Globe Telecom and the Philippines Long Distance Telephone Company (PLDT), which own submarine cables, can expect traffic over their networks to rise during the year, helping to offset the decline in revenues experienced from other parts of their business, mobile and fixed-line. Globe Telecom has gone as far as to say that broadband revenues could even overtake mobile.
         


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