A MUST READ article from manila times
Foreign firms generating super-profits from PH telecom duopoly
IN my column of October 30, I showed that one major reason why we have such poor telecoms in this country is because PLDT and Globe Telecom – the two firms making up the duopoly here – have been so greedy.
PLDT and Globe have been distributing almost all of their profits to their shareholders, leaving little left to use for infrastructure to improve their services, much less offer to lower the price of their services to consumers, which would reduce their margins. This is in stark contrast to what other Philippine conglomerates do, such as Henry Sy’s SM, San Miguel, and John Gokongwei’s JG Summit.
From 2005 to 2006, PLDT’s dividends...
- Locked