Telecom giant Philippine Long Distance Telephone (PLDT) is determined to launch its direct-to-home (DTH) satellite television service this year but is not discounting the possibility of partnering with a content provider in the future.The PLDT Group is investing P600 million to jumpstart its newest offering. “It is in progress and hopefully, before the year-ends, we will launch it. For now, [we own] 100 percent [of the venture],” said PLDT chairman Manuel Pangilinan, in answer to a query if the group is taking in partners for its planned DTH project.
But Pangilinan said a number of companies had expressed interest to partner with the phone giant. “We have been approached. Maybe, we will start it on our own first. We will see. If they can help in sourcing programming at lower cost and sourcing of set-top box that are cheaper then we will see,” he said.
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Telecommunications firm Globe Telecom Inc., said Tuesday its net income declined 3.0 percent in the first six months of the year on lower revenues.
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