Philippine telecom PLDT's revenue hits record as new rival looms

CEO Manuel Pangilinan warns '2021 comes with its own set of challenges'

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PLDT, one of the Philippines' two major telecom providers, enjoyed surging demand for internet services in 2020. © Reuters

CLIFF VENZON, Nikkei staff writer

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.

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