please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . march 2013 learn how and when to remove this template message pldt inc. pldt logo used since june 13 2016 type public traded as pse tel nyse phi industry telecommunications founded manila philippines 1928 ; 88 years ago 1928 headquarters makati philippines key people manuel v. pangilinan chairman of the board and president & ceo products cellular telephony digital services fixed line telephony information technology satellite communications electricity distribution broadcast media number of employees 17 496 2014 1 website www.pldt.com pldt inc. 2 pse tel nyse phi formerly known as the philippine long distance telephone company filipino kompanya ng teleponong pangmalayuan ng pilipinas is the largest telecommunications and digital services company in the philippines . 3 the latest consolidated service revenues reported for the full year of 2015 is at 171.1 billion and net income at 35.2 billion . 4 contents 1 history 1.1 pldt digitel merger 1.2 other investments 2 wireless 3 media ventures 4 ownership 5 subsidiaries and affiliates 6 sports team 7 slogans 8 see also 9 references 10 external links history edit 4th pldt logo 1996 2016 pldt was established on november 28 1928 by a philippine government act . philippine legislature and approved by then governor general henry l. stimson by means of a merger of four telephone companies under operation of the american telephone company gte . 5 known as act 3436 the bill granted pldt a 50 year charter and the right to establish a philippine telephone network linking major points nationwide . however pldt had to meet a 40 day deadline to start implementing the network which would be implemented over a period of one to four years . by the 1930s pldt had an expansive fixed line network and for the first time linked the philippines to the outside world via radiotelephone services connecting the philippines to the united states and other parts of the world . telephone service in the philippines was interrupted due to world war ii . at the end of the war the philippines communications infrastructure was in ruins . u.s. military authorities eventually handed over the remains of the communications infrastructure to pldt in 1947 and with the help of massive u.s. aid to the philippines during the 1940s and 1950s pldt recovered so quickly that its telephone subscribers outpaced that of pre war levels by 1953 . on december 20 1967 a group of filipino entrepreneurs and businessmen led by ramon cojuangco took control of pldt after buying its shares from the american telecommunications company gte . the group took control of pldt s management on january 1 1968 with the election of gregorio s. licaros and cojuangco as chairman and president of pldt respectively . a few months later pldt s main office in makati known today as the ramon cojuangco building was opened and pldt s expansion programs begin hoping to bring reliable telephone services to the rural areas . pldt was permitted to operate during martial law . during the 1970s pldt was nationalized by the government of then president ferdinand marcos and in 1981 in compliance of then existing policy of the philippine government to integrate the philippine telecommunications industry purchased substantially all of the assets and liabilities of republic telephone company becoming the country s telephone monopoly . under this monopoly service expansion were severely curtailed or practically nonexistent . in the martial law years people would apply for phone service only to wait for years and years on end behind an impossibly long application backlog . it is not unheard of for people and small businesses back then to barter for a single telephone line in the black market for tens of thousands of pesos . the incumbent singaporean prime minister lee kuan yew referred to the situation when visiting the philippines during the term of president fidel v. ramos . he said albeit in jest in the philippines 95 % of the population has no telephone while the remaining 5 % are waiting for that dial tone . 6 7 after president marcos was overthrown in 1986 the company was re privatized as ramon s son antonio tonyboy o. cojuangco jr. became pldt chief . 8 by 1995 with the passage of the telecommunications act and the subsequent deregulation of the philippine telecommunications industry the company has been de monopolized . later that year hong kong based first pacific company ltd. acquired a 17.5 % stake in pldt making it the majority owner of the conglomerate . the company s ceo manuel v. pangilinan became the new conglomerate s president replacing cojuangco who assumed post as chairman until 2004 when pangilinan became his successor . 8 on april 2016 the company then known as the philippine long distance telephone company dropped the long distance telephone from its corporate name and has since been known as pldt inc. 9 its board of directors approved of the new corporate name to reflect on the company s new range of services mainly focusing on data services . on june 13 2016 pldt and its subsidiary smart unveiled their new logos and identity as part of the company s continuing digital pivot . 2 pldt digitel merger edit pldt acquired 51.55 % of the shares of digital telecommunications philippines from jg summit holdings on march 2011 with the cost of 69.2 billion . because of this the shares of digitel and jg summit in the pse surges while pldt s shares remained unchanged . in the deal jg summit will have a 12 % share in pldt . it was finalized by the national telecommunications commission on october 26 2011 . other investments edit twenty percent of meralco shall be sold to pldt according to the lopez family who owns the philippine s largest electric distributor on march 13 2009 . the deal is set to be done in the third quarter of 2009 with the cost of 20 billion pesos . the said action was done to prevent the hostile takeover of san miguel corporation which already owns a large portion of meralco . 10 wireless edit see also smart communications tnt cellular service and sun cellular pldt operates its wireless cellular services through its subsidiaries namely smart tnt and sun cellular . media ventures edit in 1998 mediaquest holdings inc. a wholly owned subsidiary of the pldt beneficial trust fund acquired nation broadcasting corporation from the joint consortium of the yabut family and real estate magnate manny villar . in 2007 mediaquest bought the shares of gv broadcasting systems a licensed direct to home dth satellite television provider from satventures inc. of the galang family . with this gv changed its corporate name to mediascape inc. on march 2 2010 pldt announced that its subsidiary mediaquest holdings inc. has acquired 100 percent of tv5 network tv5 and primedia inc from media prima and former pldt chairman antonio tonyboy o. cojuangco jr. ownership edit the company s ownership is divided among the public 53.86 % 11 philippine telephone investments corporation 12.05 % metro pacific resources inc. 9.98 % ; non philippine subsidiaries of first pacific company limited 25.6 % ntt docomo inc. 14.5 % ntt communications corp. 5.85 % and manuel v. pangilinan 0.11 % . subsidiaries and affiliates edit main article list of assets owned by pldt sports team edit pldt home ultera ultra fast hitters shakey s v league team tnt katropa pba team slogans edit the telecommunications company 1989 1993 keeping you in touch 1993 1996 touching lives 1996 1998 clearly for you 1998 2000 the power of convergence 2000 2002 convergence home 2002 2004 iba rin ang may pldt landline 2004 2008 we re changing lives 2008 2016 see also edit telecommunications portal philippines portal companies portal telecommunications in the philippines internet in the philippines list of companies of the philippines tnt katropa references edit a b c pldt financial information pdf press release . 8 may 2013 . retrieved 19 june 2013 . a b pldt smart unveil new logo in line with digital pivot . pldt . june 13 2016 . retrieved june 13 2016 . mission 1 philippine long distance telephone company retrieved may 7 2013 pldt digitel mega deal violates law inquirer opinion . opinion.inquirer.net . 2011 05 27 . retrieved 2013 09 14 . eaton kent january 2008 . politicians and economic reform in new democracies argentina and the philippines in the 1990s . isbn 0271045841 . a b history . pldt . retrieved 2013 09 14 . pldt drops long distance soon to be called pldt inc . rappler . april 13 2016 . retrieved june 15 2016 . business lopezes to sell 20 % of meralco to pldt inquirer.net . business.inquirer.net . 2009 03 14 . retrieved 2013 09 14 . 100 top stockholders as of december 31 2013 . pldt . retrieved 2014 03 09 . external links edit official website smart communications v t e pldt chairman manuel v. pangilinan president and ceo napoleon l. nazareno mobility smart communications tnt sun cellular fixed line pldt landline digitel internet pldt home fibr telpad home dsl home bro smart bro sun broadband technology chikka smart money aces mabuhay satellite epldt outsourcing spi global 19.7 % media tv5 nation gv abi cignal pilipinas global network hastings holdings businessworld 70 % the philippine star 51 % philippine daily inquirer 18 % unitel 30 % utilities meralco 25 % annual revenue php 153.96 billion fy 2011 2 net income php 31.70 billion fy 2011 3 employees 34 116 2011 stock symbol pse tel v t e philippine telecommunications companies abs cbn sky abs c globe bayantel pldt digitel smart vega wi tribe v t e pse composite index companies of the philippines ayala aboitiz equity ventures alliance global ayala land aboitiz power bdo bloomberry resorts bpi dmci edc emperador first gen globe gt capital ictsi jollibee jg summit lt group metrobank megaworld meralco metro pacific petron pldt robinsons land semirara mining sm investments san miguel sm prime universal robina retrieved from https en.wikipedia.org w index.php title pldt & oldid 742537478 categories pldttelecommunications companies of the philippinescompanies based in manilacompanies based in makatitechnology companies established in 19281928 establishments in the philippinescompanies listed on the philippine stock exchangecompanies listed on the new york stock exchangentt communicationsntt docomohidden categories articles needing additional references from march 2013all articles needing additional referencespages using infobox company with unsupported parametersarticles containing tagalog language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais ilokanonederlands portugu stagalog edit links this page was last modified on 4 october 2016 at 08 29 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view