Pldt profile PDF

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Summary

it is the profile of pldt company which is the biggest telecommunication company in the philippines...

Description

PLDT is the Philippines' largest and only integrated telco company. Through its principal business groups — from fixed line to wireless — PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks. PLDT is listed on the Philippine Stock Exchange (PSE: TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine — listed companies.

…Vision… Lead and inspire Filipinos to create a better tomorrow.

…Mission… Empower Filipinos everywhere with customer-focused digital innovations that unlock and share their infinite potential.

…Values…

Deliver awesome customer experiences

Fast is better than perfect

Take care of our people

Malasakit

Collaborate to win

Humility to listen and learn

…Location of the Business… Makati, Metro Manila

…Nature of the Business … PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company is a telecommunication, internet, and digital service holdings company in the Philippines. It is one of the country's major telecommunications providers, along with Globe Telecom. Founded in 1928, it is the oldest and largest telecommunications company in the Philippines, in terms of assets and revenues. The company's core businesses are fixed-line telecommunications, mobile telephony services, broadband, and internet of things services under various brands. It also has investments in broadcasting, print media, utilities, and direct-to-home satellite services, among others

… Sevices offer… FIXED LINE PLDT's fixed line business offers services intended for enterprises, small and medium enterprises, and corporate consumers - including corporate data, ICT solutions, data networking, and cybersecurity solutions. PLDT also offers local exchange telephone services for Subic Bay Freeport, Clark Freeport Zone, Bonifacio Global City, and selected cities in Mindanao through its subsidiaries. PLDT's retail fixed line services are branded under PLDT Home brand. It offers home broadband, IPTV, and triple play packages with devices from TP-Link and Roku.

WIRELESS PLDT operates its wireless cellular services through its brands, namely Smart, TNT, and Sun Cellular. Smart, its flagship brand, offers commercial wireless services through its 2G, 3G, 3.5G HSPA+, and 4G LTE networks, with LTE-A and 5G currently being tested and deployed in key areas in the Philippines. Smart also offers terrestrial satellite communication services and wireless complimentary offerings. TNT provides a wide range of offerings in low-cost call, text, and mobile internet packages, as well as other value-added services. Sun Cellular, on the other hand, offers

unlimited call, text and internet data services.

A.

Application of accounting policies based on the nature of the business. The consolidated financial statements of PLDT have been prepared in accordance with International Financial Reporting Standards, or IFRSs, as issued by the International Accounting Standards Board, or IASB. It have been prepared under the historical cost basis, except for financial instruments at fair value through profit or loss, or FVPL, financial instruments at fair value through other comprehensive income, or FVOCI, and investment properties that are measured at fair values. It is presented in Philippine Peso, PLDT’s functional currency, and all values are rounded to the nearest million, except when otherwise indicated. It also provides comparative information in respect of the previous period.

Compliance with PAS, PFRS (identify the PAS,PFRS applicable) PLDT Financial Statements indicated PAS 39 and PFRS 9

Format and Presentation Financial statements are presented in Philippine peso, PLDT’s functional currency, and all values are rounded to the nearest million, except when otherwise indicated.The financial statements of subsidiaries are prepared for the same reporting period as PLDT. Consolidated financial statements are prepared using uniform accounting policies for like transactions and other events with similar circumstances....