PLDT to take over local phone services in Danao, Cebu

The Philippine Long Distance Telephone Co. (PLDT) on Wednesday signed an agreement with Dana Telecom (Datelco) to take over the latter's local exchange carrier (LEC) services in Danao City, Cebu.

Under the agreement, the two will also jointly conduct the marketing and promotion of PLDT’s products and services in the fifth district of Cebu.
 
"Beyond the agreement that we signed today, we are genuinely interested in joining hands with Datelco in contributing to the development of areas north of Metro Cebu city that holds so much promise," PLDT president and CEO Napoleon Nazareno said in a statement.
 
Datelco president Oscar Rodriguez said that after 20 years, the company found the cost of upgrading its own network untenable and so will have to wind down its LEC business.
 
"We are pleased to turn over our customers to PLDT who we believe will be able to take care of them very well,” he said.

"Coupled with the various economic programs being implemented in the city, we are excited by the possibilities that the entry of PLDT will bring not only to the people of Danao City but also to nearby municipalities,” he added.

PLDT's net income for the first half of the year reached P19.7 billion, up 2 percent year on year. Revenues also increased by two percent, from P74.2 billion to P75.7 billion. — BM, GMA News