MANILA -- The Philippines' largest telecom company PLDT said on Thursday its service revenue hit a record-high last year due to surging demand for internet service during the coronavirus pandemic.
PLDT, which is backed by Japan's NTT Group, said its consolidated service revenue increased 9% to 171.5 billion pesos ($3.53 billion), lifted largely by its data and broadband business, whose revenue jumped 18% to 124.5 billion pesos. Service revenue accounts for 96% of the company's topline and covers fixed-line and wireless telecom and internet businesses.
