Surge in data demand spares PLDT from worst COVID-19 impacts

Surging demand for online entertainment and e-commerce has shielded telco giant PLDT Inc. from the worst effects of the COVID-19 pandemic. At the company's annual meeting on Tuesday (June 9), PLDT chair and CEO Manuel V. Pangilinan said revenues took a hit in the early weeks of the enhanced community quarantine (ECQ) in Luzon. Business quickly bounced back, however, starting the middle of April due to its main wireless and broadband segments. "We're probably one of the few companies in the Philippines showing growth in revenues during this pandemic," Pangilinan told stockholders during the online meeting. Early into the lockdown, PLDT moved to preserve cash to pay salaries to its thou...Keep on reading: Surge in data demand spares PLDT from worst COVID-19 impacts

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