Philippine Long Distance Telephone Company or PLDT is the leading telecommunications service provider in the Philippines. Through its principal business groups – fixed line, wireless and others – PLDT offers a wide range of telecommunications services across the Philippines' most extensive fiber optic backbone and fixed line and cellular networks.
PLDT is the country's leading fixed line service provider with approximately 2.2 million subscribers at the end of December 2014. Smart Communications, Inc. and Digitel Mobile Philippines, Inc. (which offers Sun Cellular) have a subscriber base of 69.9 million while broadband subscribers have reached over four million at the end of 2014. The PLDT Group, which includes PLDT ALPHA Enterprise, PLDT SME Nation, PLDT HOME and mobile subsidiaries Smart and Sun Cellular, cornered almost 60% of total broadband subscribers in the country.
PLDT is listed on the Philippine Stock Exchange (PSE TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.
JG Summit currently holds 8% stake in PLDT.