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 Wednesday, July 09, 2008

MANILA -(Dow Jones)- Philippine Long Distance Telephone Tuesday said the number of subscribers to its mobile service, the group's main revenue earner, has exceeded 33 million at the end of June.

The country's largest telephone company by revenue said the figure reflects a net addition of over 1.6 million subscribers in the second quarter alone.

At the end of 2007, PLDT had a total 30 million mobile phone subscribers.

No other details were provided in PLDT's disclosure to the stock exchange.

Its chairman Manuel Pangilinan earlier said the company is sticking to its guidance that this year's core profit will rise 5% to PHP37 billion despite threats from surging inflation, which threaten to damp spending and increase the company's costs.

Source: Cellular News.