Philippine Long Distance Telephone (PLDT) reached the milestone of 3mn broadband subscribers during the first quarter of this year, giving it almost 65 per cent of the country’s broadband market.

Its broadband operations netted revenues of PHP 5.8bn ($133m) in the three-month period, up 34 per cent from one year earlier, with its DSL services generating around half of this total (PHP 2.6bn), its wireless network Smart providing PHP1.7bn, and the Digitel group delivering the remaining PHP 800m.

PLDT is approaching the end of a two-year PHP 67bn network modernisation programme this is scheduled to be completed later this year, improving the speed and quality of services for around 50mn subscribers.