PH fixed communication service revenue set for growth

This is forecasted to hit $4.7b in 2028 amid strong growth in fixed broadband segment

The total fixed communication services revenue in the Philippines is expected to increase to $4.7b in 2028 from $3.7b in 2023, according to analytics firm GlobalData.

In its Philippines Fixed Communications Forecast report for Q1 2024, GlobalData said that the country’s fixed communications revenue will rise at a compound annual growth rate (CAGR) of 5.3%.

GlobalData said the increase is mainly driven by the strong growth in the fixed broadband service segment, adding that the fixed voice revenue will remain steady over the forecast period from 2023 to 2028.

Meanwhile, fixed broadband services revenue will increase at a healthy CAGR of 5.7% during the same period.

“Growth in fixed broadband service revenue will be driven by the steady increase in broadband subscriptions, especially higher-ARPS yielding fibre broadband subscriptions,” telecom analyst Srikanth Vaidya said.

Fibre lines accounted for a majority of 70% share of the total fixed broadband lines in 2023, which is forecasted to increase to 85% by 2028 amid government and operator investments in fibre network infrastructure and FTTH service expansions.

Vaidya added that PLDT will lead the fixed voice services segment in terms of subscriptions through 2028, and will also top the fixed broadband services market, by subscriptions, supported by its strong position in DSL and FTTH service lines.

“The operator has earmarked a CAPEX of around PHP75 to 78 billion ($1.28 to 1.33 billion) in 2024, a significant portion of which it will be used to upgrade and expand its fibre broadband network and gain from wider coverage of its FTTH services,” Vaidya said.

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