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- What to Know: The Philippines's telecommunications industry has been dominated by the PLDT-Globe duopoly over the last two decades. Recent reforms and the launch of a third mobile operator will bring competition and innovation in the sector.
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The Philippines Telecom Market is expected to reach USD 5.58 billion in 2024 and grow at a CAGR of 3.28% to reach USD 6.55 billion by 2029. PLDT, Smart Communications, Globe Telecom, DITO Telecommunity and NOW Telecom are the major companies operating in this market.
- Philippines Telecom Market Trends
Statistics for the 2023 & 2024 Philippines Telecom market...
- Philippines Telecom Market Trends
Jan 25, 2022 · The pandemic has increased the demand for connectivity that supports Filipinos working and studying from home accessing online content and platforms. According to market research firm BMI, higher data revenues are also expected because mobile video streaming and e-commerce growth.
- Traditional business models are being Challenged. Traditionally, telcos have made their money by moving bits through the air and across wires in their networks.
- Escalating customer expectations. Expectations for both consumer and commercial customers have been intensifying. For consumers, that means wanting better and more flexible service, greater transparency in billing, and enhanced ease of use.
- Hyper-competitive hyperscaler. As the landscape evolves, there will likely be more direct competition between telcos and hyperscalers. This should be a severe concern to telcos given how much money these hyperscalers spend, their in-house talent, and their outsized ambitions.
- A possible global recession. Inflation and interest rates are likely to continue to rise and a recession is looming. In many markets, rising interest rates will likely raise the cost of capital, potentially impacting telcos’ borrowing capacity and access to fresh capital.
Apr 6, 2021 · The Philippines's telecommunications industry has been dominated by the PLDT-Globe duopoly over the last two decades. Telecommunications infrastructure investments have been underwhelming...
- Oversight
- Policy
- Performance
- Social Media
- Investment
- Boosting Competitiveness
- Towers
- 5G
- Fast Track
- Outsourcing
The Department of Information and Communications Technology (DICT) is responsible for the implementation of national ICT and digital economy policies. The National Telecommunications Commission (NTC) is under the supervision of the DICT and was formed in 2016 by the merger of five state departments. The NTC manages spectrum, enforces laws, and issu...
The Philippines’ long-term development programme, AmBisyon Natin 2040, identifies connectivity – in terms of both communications and transport – as one of eight national priorities. Underscoring the need for progress, a report from the World Economic Forum in 2016 – the year AmBisyon Natin 2040 was launched – ranked the Philippines lowest in ASEAN ...
The need to make the internet more accessible was highlighted by a report published in late 2018 by the Asia Foundation and Better Broadband Alliance, which found that the cost of fixed broadband in the Philippines was equivalent to 7.1% of monthly per capita GNI, above the 5% threshold recommended by the UN’s International Telecommunication Union....
Despite the country’s relatively poor performance in terms of download speeds, Filipinos are avid users of social media. According to a July 2020 report from creative agency We Are Social and social media management platform Hootsuite, Filipinos were the top consumers of social media worldwide – at three hours and 50 minutes per day – compared to a...
ICT enjoyed record-high investment inflows in 2019, with a total of P308.8bn ($6.1bn) by end-August of that year, up from P340m ($6.8m) in all of 2018, according to the Board of Investments (BOI). The expected entrance of a third telco to the market fostered competition between the two incumbent providers as they worked to maintain their market sha...
Increasing competition in telecommunications was one of President Rodrigo Duterte’s campaign promises in 2016, with hopes that this would improve service provision and drive down prices. It became one of the administration’s priorities, with three consortia submitting bids to be the third provider by 2018. However, two were rejected due to a failur...
One hurdle to affordable, reliable coverage is the Philippines’ low cell tower density – which was the lowest in the region as of January 2019, with 16,000 towers to service approximately 67m users. In response, that month the DICT announced its ambition to install an additional 50,000 towers within five years, as well as ease red tape for infrastr...
The Philippines became the first South-east Asian country to provide 5G in June 2019, when a pilot was launched by Globe Telecom in the capital, in Pasig City, with technology provided by Huawei. The company introduced the first 5G mobile phone to selected customers the following February. However, the commercial rollout of 5G services had yet to r...
As it became increasingly clear that digital transformation would not only enable economic activity but also aid the health response to the pandemic, the DICT renewed its commitment to accelerating ICT infrastructure development. By July 2020 connectivity had been achieved for patients and medical staff in around 50 government-designated quarantine...
In parallel, business process outsourcing (BPO) is a crucial engine for the economy: indirect and economic multiplier effects bring the sector’s contribution to GDP to around 8%. The industry experienced expansion in 2019, with the workforce growing by 5.8% and revenue by 7.1%, according to the IT and Business Process Association of the Philippines...
Statistics for the 2023 & 2024 Philippines Telecom market trends, created by Mordor Intelligence™ Industry Reports. Philippines Telecom trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.
Mar 20, 2024 · The telecommunications landscape in the Philippines has witnessed a significant shift as wireless telecommunications emerges as a potent challenger to the entrenched traditional broadband duopoly. This transformation reshaped the internet and drove competition in an industry long dominated by a select few.
